Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili - Politics (3) - Nairaland
Nairaland Forum › Nairaland General › Politics › Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili (8874 Views)
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by helinues: 8:39am On Aug 26, 2025 |
slivertongue:Expert more than Madam NOI.. Hahaha you are confused |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Successlane: 8:43am On Aug 26, 2025 |
INTEGRITYA1:Kindly name one 'thing' that has taken 'shape and getting better' No offence please. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by stuffs2002: 8:46am On Aug 26, 2025 |
femi4:Many of una just open mouth waaaaaaaaaaa just dey criticize without thinking. Subsidy removal is a one way ticket. You either leave it or remove it and it ends there. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by stuffs2002: 8:47am On Aug 26, 2025 |
bluefilm:Yet Pandora said he was going to remove subsidy from day one but you see nothing wrong in that. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by slivertongue: 8:48am On Aug 26, 2025 |
helinues:They are at the same level. NOI said the policies are good but not benefiting the poor that's the implications of her statement about widening the social safety network. She spoke tongue in cheek. I supported GEJ removing fuel subsidy and I will support anyone who will remove it in phases and deploy the saved funds into making education cheaper, increased pay for govt employees, cheaper electricity, cheaper healthcare, better federal roads, improved deployment of technology in the national security architecture, creating a friendly economy etc |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by bluefilm: 8:53am On Aug 26, 2025 |
stuffs2002:There's a very big difference between executing a policy and wrongly executing a policy I don't know if you can see it |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Vello(m): 8:54am On Aug 26, 2025 |
APCNig: |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Jaymats: 8:55am On Aug 26, 2025 |
So you now agreed its a good decision but wrong imemrnted? Was this not what you should have said or done at the earliest that could have may be save the day? But you allow tribalism, hatred and obidient distraction to overwhelmed your reasoning capacity as a Prof and you lost it all. Sorry its too late for all these, what you should have done first you are now doing it last so it's no longer relevant the damage already done. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Judolisco(m): 8:58am On Aug 26, 2025 |
femi4:they should use the money for palliatives to do something else.. We can't keep eating d future of our children... Poor roads, schs, Internet... We should start fixing all dis |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Amarachieze(m): 8:59am On Aug 26, 2025 |
Subsidy removal is not a good policy in and for Nigeria. This is because it is inevitably impossible to implement such policy in a political-economy ridden with corruption. It is a capitalist policy that rewards the the greedy Nigerian ruling class. The trickle-down effect the poor masses are expecting will never come because corrupt politicians have already hijacked it. For example, is it a rocket science to know that the government have to pay a living wage to mitigate the harsh impact of the policy and ensure affordability but instead they hoard the trillions of naira accrued and resort to palliatives, school feeding, conditional cash transfer, Nelfund etc - programs that the greedy politicians ab initio planned for themselves. My take is that the Nigerian Political economy as it is cannot support subsidy removal and thus not a good a good policy in Nigeria and for Nigerians. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Afrobasic(m): 9:00am On Aug 26, 2025 |
OnionBandit:Did your people not do the same to Jonathan when he proposed subsidy removal? Tueh. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by smtx(m): 9:03am On Aug 26, 2025 |
stuffs2002:Did you agree to this prior Buhari's regime? |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by tosyne2much(m): 9:03am On Aug 26, 2025 |
Was the removal of subsidy the way forward? YES! Will the effect cause more hardship for the citizen? SURE! There's no right time to remove subsidy that it will not cause inflation or create more hardship even if it was removed in phases |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Okoroawusa: 9:07am On Aug 26, 2025 |
At least I am glad that everyone agrees that it's a good policy. Let's leave the "wrong timing". The person who implemented it knew the right time. That's all that matters. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by musicwriter(m): 9:08am On Aug 26, 2025 |
There's no other better way to remove the subsidy than what the president did. Let me tell you a little story about my inability to take drastic decision some time ago. When our mother died, my junior brothers and sisters all lived with me here in Lagos. In about 2004, my two sisters who were aged around 19 years old got admission to study at UNN in Enugu but I didn't allow them to go there because I was scared how they'll live all alone. Money wasn't an issue at all. I was using 3 cars then and lived comfortably. But I cancelled the whole travel preparation and insisted that they should get the admission in UNILAG instead. They tried and tried but couldn't get admission to UNILAG. They only got the admission after things went sour for me and I left the country. That's the only reason they didn't go to university. I regret that decision of mine till today. I was naive and scared about how they'll survive on their own at that age. But now I know better. I should have allowed them to move to Enugu immediately. The president has made the right decision, he knows it's a drastic decision, in fact, he knows exactly what he's doing. The reason for the current economic situation is that we don't have a science and technology driven economy. If we had 20 working refineries, fuel would be selling for like N200/litre now. The president has set the Nigerian economy free. This immediate impact is expected, it's part of the process of healing just like someone healing from a sickness. The person would eventually be well and fine. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by smtx(m): 9:09am On Aug 26, 2025 |
slivertongue:I agree with all your valid points. I just want to add that the saved funds can also be used to support massive mechanized agriculture, this would have made food cheaper. With cheaper education, electricity and food the effect of the subsidy removal would have no significant effect by the 1st year of implementation. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Okoroawusa: 9:12am On Aug 26, 2025 |
slivertongue:Explain in details how you will remove it in phases. Are you aware that we have been removing fuel subsidy in phases since the time of Babangida? What do you think gradual increase in pump price of fuel was since Babangida was? Small children sef.... |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Okoroawusa: 9:14am On Aug 26, 2025 |
musicwriter:Eeeyah! This your story really touched me. I am really sorry about your sisters. I hope they are doing better in life somehow now? |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by musicwriter(m): 9:19am On Aug 26, 2025 |
Okoroawusa:They're all married now. They're well |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by dapadawee(m): 9:21am On Aug 26, 2025 |
treesun:Them don day confess small small |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Heavensake1: 9:22am On Aug 26, 2025 |
femi4:Hard decision always look wrong. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by bixton(m): 9:24am On Aug 26, 2025 |
igala1:PBAT is not favouring the governors more than the masses. PBAT is only following the process of separation of powers. The masses should be bold enough to hold their respective States Governors accountable. We also saw increased earnings sent by the PMB administration to various State governors but the whole blame throwing on the FG takes precedence always. The SGs are the real enemies of meaningful development in Nigeria. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by smtx(m): 9:33am On Aug 26, 2025 |
musicwriter:I am touched by your story and relieved you were able to overcome it. My disagreement, however, is with the way the Tinubu administration handled the fuel subsidy removal. The government's implementation of this policy lacked empathy and planning. The sudden and severe approach was like using insecticide to kill mosquitoes while your children are still in the room. You know the goal is good, but the method is reckless. Instead, you'd do it carefully when no one is around, allowing the danger to subside. The government should have taken similar precautions to protect the masses from the fallout of their decision. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by sulaak(m): 9:40am On Aug 26, 2025 |
femi4:I am not a supporter of Tinubu, and during the discussion, I will highlight Tinubu's failures. But the abrupt removal of oil subsidies was the best decision a Nigerian president has initiated in 50 years. 1. Had the fuel subsidies been gradually removed, the likes of Ezekwesilli and Co.would have been the first people to request that the fuel subsidies policies either stop or be reversed at 25%. 2. Nigeria lacks the institutions to manage the gradual removal of fuel subsidies. The oil industry has been captured by the cabal and political elites who refuse to invest in refinery capacity and oil exploration. 3. The removal of the fuel subsidies has now witnessed the development of the refinery industries, which will extend to the production of petrochemicals, chemicals, and fertilisers. 4. Nigeria's poverty has more to do with a culture of unproductivity; 30 states in Nigeria have IGR less than the FAAC allocation. If a state or local government is not producing, then they have decided to be poor nd hungry. Tinubu's failures are with some of his political and ministerial selections, especially in electricity and security.. The bloated ministries' last count is 48 ministries and over 1000 MDAs. Project such as the the rehabiliation of MMIA, 3rd Mainland bridge and Lagos -Calabar costal road s are unnecessary at this stage. of economic recovery. “You can have the right policies, but if you implement them the wrong way, there will be problems,” she said. “The subsidy removal was not prepared for. It was a good reform done the wrong way. Inflation is punishing the populace, and the poor have nowhere to run.” |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by sekeyso(m): 9:46am On Aug 26, 2025 |
There's absolutely nothing good about subsidy removal especially with the kind of politicians (thieves) we've in this country. Subsidy removal is all about making more money available for them to steal. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by femi4: 9:50am On Aug 26, 2025 |
Heavensake1:Right decision implemented wrongly is wrong |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by musicwriter(m): 9:50am On Aug 26, 2025 |
smtx:Past governments have been doing all that by way of fuel price increase every now and then. Have you all forgotten too soon that it also used to throw the country into hardship whenever fuel price increased? Have you all forgotten too soon that it also used to throw the country into mass protests every now and then? But the president has solved that. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by djseanjohn77: 9:51am On Aug 26, 2025 |
treesun:These people are just pointless, today they are saying this, tomorrow they are saying another thing. There was never a better time, and no better way to remove it. If Tinubu had waited few days to remove it, the cabal would have dissuaded him. How can you remove something that made us use almost all of our generated revenue to service debt and the economy will not feel it? Make it make sense. Nigeria was literally borrowing to pay salaries, no money for infrastructure, we were literally broke, that we started owing. Governors could not pay salaries of several months. All that has changed, governors now receive x2 -x3 of their previous allocation, and it is being published monthly also for everyone to see. If the States are serious, they could have used the additional funds to do palliatives. Today, governors can pay salaries, hardly is there any state government owing salaries or struggling to pay. And the rate of borrowing by these governors has reduced except for capital projects. There cannot be change without the people feeling the effect, not to mention a changed that is over 2 decades old. The good thing is, the economy has stabilized, the revenue has increased, with time, it will spread. But it will spread to people who have something tangible doing, not for people who are fixated on the idea of white-collar jobs.... you have to be involved in exchange of goods and services, cos the next level is service and goods exchange. You must be able to produce something to benefit from the economy. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by boxypane: 9:55am On Aug 26, 2025 |
The bribery scandal with Duru, etc has died down... She's back yapping. There's was never a right time, only mitigating policies such as direct social investments. |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by femi4: 9:55am On Aug 26, 2025 |
Judolisco:So which of them look fixed to you? ASUU protesting, bad roads everywhere, power in bad shape etc |
| Re: Subsidy Removal, Good Policy Wrongly Implemented – Ezekwesili by Mathewrichard99: 9:57am On Aug 26, 2025*. Modified: 10:23am On Aug 26, 2025 |
There is no any perfect way to stop a thief. Kill him outright is one way, safeguard your property very well is another way, providing job for him is also another way. The problem Tinubu made was that he gave us a shocker, a sudden unexpected heart attack. Atimes, when I think of it that he should have given like a year to activate the no subsidy anthem, i believe the fuel cabals would have attacked him to the last, they would have lobbied him into submission and acceptance of continuity, the cabals would have even made so much money in anticipation of the eventual activation which I know they would have fought with the last drop of their blood. INTEGRITYA1: |
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