Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by oikirodah(m): 1:39pm On Jun 05, 2023 |
Finding Common Ground: The Role Of Trade Unions And The Government In Fuel Subsidy Removal By Osigwe Omo-Ikirodah. The recent decision by the Nigerian government to remove fuel subsidies has sparked concerns and debates across the country. As with any major policy change, it is essential to consider the perspectives of all stakeholders involved.
In this article, we will explore why the government should collaborate with trade unions to address the consequences of fuel subsidy removal, highlighting the benefits for both labor unions and the Nigerian population. Additionally, we will propose possible solutions to alleviate the hardships faced by the masses during this transitional period.
Understanding the National Policy:
Firstly, it is crucial to recognize that the removal of fuel subsidies was not solely an initiative of the current administration, but rather a policy that multiple political contestants, including Asiwaju Bola Tinubu, Alhaji Atiku, and Peter Obi, had on their manifestos. The absence of provisions for fuel subsidies by the outgoing administration further emphasizes the national character of this policy change.
Benefits for Labor Unions:
Trade unions, such as the Trade Union Congress (TUC) and the Nigerian Labour Congress (NLC), have long been champions of the Nigerian workforce. By engaging in constructive dialogue with the government regarding the removal of fuel subsidies, these unions can effectively represent the interests of workers. By doing so, they have an opportunity to negotiate for various benefits, such as:
1. Increased Minimum Wage: The removal of fuel subsidies presents an opportune moment to address the issue of minimum wage. By collaborating with the government, trade unions can advocate for fair and substantial wage increments to mitigate the impact of increased fuel prices on workers' livelihoods.
2. Improved Working Conditions: Through negotiations, trade unions can push for improved working conditions, including enhanced safety regulations, better healthcare provisions, and increased job security. By prioritizing the welfare of workers, trade unions can contribute to a more equitable and productive workforce.
Benefits for the Nigerian Population:
While the initial effects of fuel subsidy removal may cause hardships, it is essential to consider the long-term benefits for the Nigerian population. Some of these include:
1. Economic Growth and Development: By eliminating fuel subsidies, the government can redirect the funds towards key sectors such as education, healthcare, and infrastructure development. This reallocation has the potential to spur economic growth, create job opportunities, and improve the overall standard of living for Nigerians.
2. Energy Sector Transformation: Fuel subsidy removal can serve as a catalyst for the diversification of Nigeria's energy sector. With reduced dependence on fossil fuels, the government can invest in renewable energy sources, promoting sustainability and reducing environmental pollution.
Solutions to Alleviate the Plight of the Masses:
While the benefits of fuel subsidy removal may take time to materialize, the government and trade unions should work together to implement immediate measures to mitigate the impact on the masses. Some potential solutions include:
1. Palliatives: The government can provide targeted subsidies or financial assistance to vulnerable groups, ensuring that they can afford basic necessities during the transitional period.
2. Social Investment Programs: Expanding existing social investment programs, such as conditional cash transfers, agricultural initiatives, and vocational training, can help create alternative income sources and alleviate the burden on affected individuals and communities.
3. Public Transportation Enhancement: Investing in public transportation infrastructure, promoting ride-sharing initiatives, and improving mass transit systems can help reduce the reliance on personal vehicles, minimizing the impact of increased fuel prices on transportation costs.
The removal of fuel subsidies in Nigeria presents both challenges and opportunities. By engaging in meaningful dialogue and negotiations, trade unions can advocate for workers' rights and ensure that their concerns are adequately addressed.
Simultaneously, the government must focus on implementing immediate measures to alleviate the hardships faced by the masses.
Strikes by trade unions are not an option; dialogue is the only way forward because the shared enemy is not the masses or the government, but a chosen few who have opted to milk the nation dry with their spurious subsidy claims. Osigwe Omo-Ikirodah is the Editor-In-Chief iReporteronline. https://ireporteronline.com.ng/blog/120492/ 2 Likes 1 Share |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Nightwolf1: 1:43pm On Jun 05, 2023 |
oikirodah: Finding Common Ground: The Role Of Trade Unions And The Government In Fuel Subsidy Removal
By Osigwe Omo-Ikirodah.
The recent decision by the Nigerian government to remove fuel subsidies has sparked concerns and debates across the country. As with any major policy change, it is essential to consider the perspectives of all stakeholders involved.
In this article, we will explore why the government should collaborate with trade unions to address the consequences of fuel subsidy removal, highlighting the benefits for both labor unions and the Nigerian population. Additionally, we will propose possible solutions to alleviate the hardships faced by the masses during this transitional period.
Understanding the National Policy:
Firstly, it is crucial to recognize that the removal of fuel subsidies was not solely an initiative of the current administration, but rather a policy that multiple political contestants, including Asiwaju Bola Tinubu, Alhaji Atiku, and Peter Obi, had on their manifestos. The absence of provisions for fuel subsidies by the outgoing administration further emphasizes the national character of this policy change.
Benefits for Labor Unions:
Trade unions, such as the Trade Union Congress (TUC) and the Nigerian Labour Congress (NLC), have long been champions of the Nigerian workforce. By engaging in constructive dialogue with the government regarding the removal of fuel subsidies, these unions can effectively represent the interests of workers. By doing so, they have an opportunity to negotiate for various benefits, such as:
1. Increased Minimum Wage: The removal of fuel subsidies presents an opportune moment to address the issue of minimum wage. By collaborating with the government, trade unions can advocate for fair and substantial wage increments to mitigate the impact of increased fuel prices on workers' livelihoods.
2. Improved Working Conditions: Through negotiations, trade unions can push for improved working conditions, including enhanced safety regulations, better healthcare provisions, and increased job security. By prioritizing the welfare of workers, trade unions can contribute to a more equitable and productive workforce.
Benefits for the Nigerian Population:
While the initial effects of fuel subsidy removal may cause hardships, it is essential to consider the long-term benefits for the Nigerian population. Some of these include:
1. Economic Growth and Development: By eliminating fuel subsidies, the government can redirect the funds towards key sectors such as education, healthcare, and infrastructure development. This reallocation has the potential to spur economic growth, create job opportunities, and improve the overall standard of living for Nigerians.
2. Energy Sector Transformation: Fuel subsidy removal can serve as a catalyst for the diversification of Nigeria's energy sector. With reduced dependence on fossil fuels, the government can invest in renewable energy sources, promoting sustainability and reducing environmental pollution.
Solutions to Alleviate the Plight of the Masses:
While the benefits of fuel subsidy removal may take time to materialize, the government and trade unions should work together to implement immediate measures to mitigate the impact on the masses. Some potential solutions include:
1. Palliatives: The government can provide targeted subsidies or financial assistance to vulnerable groups, ensuring that they can afford basic necessities during the transitional period.
2. Social Investment Programs: Expanding existing social investment programs, such as conditional cash transfers, agricultural initiatives, and vocational training, can help create alternative income sources and alleviate the burden on affected individuals and communities.
3. Public Transportation Enhancement: Investing in public transportation infrastructure, promoting ride-sharing initiatives, and improving mass transit systems can help reduce the reliance on personal vehicles, minimizing the impact of increased fuel prices on transportation costs.
The removal of fuel subsidies in Nigeria presents both challenges and opportunities. By engaging in meaningful dialogue and negotiations, trade unions can advocate for workers' rights and ensure that their concerns are adequately addressed.
Simultaneously, the government must focus on implementing immediate measures to alleviate the hardships faced by the masses.
Strikes by trade unions are not an option; dialogue is the only way forward because the shared enemy is not the masses or the government, but a chosen few who have opted to milk the nation dry with their spurious subsidy claims.
Osigwe Omo-Ikirodah is the Editor-In-Chief iReporteronline. https://ireporteronline.com.ng/blog/120492/
Put these things in place first before you remove subsidy. Tinubu is absolutely senseless than his zombie minions.🐧🐧🐧🐧 10 Likes 1 Share |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Zico5(m): 3:04pm On Jun 05, 2023 |
It's not possible to just remove the subsidy just like that without provisions to cushion the effects on the masses. The rich can afford it but we are talking of common man on the street. The president should reverse the decision and either suspend till when the refineries will become functional or provide the basis to ameliorate the hash effect of subsidies on common man. 3 Likes |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by wwwkaycom(m): 3:05pm On Jun 05, 2023 |
Hey |
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Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Offpoint1: 3:05pm On Jun 05, 2023 |
Wayne Carter, blunt blowing |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Lovenorth: 3:05pm On Jun 05, 2023 |
We are going fight to finish with anybody that plays with our intelligence, Tinubu has lost all the good expectations we have for him. Nobody would be allowed to use our name to blackmail us, Nigeria is bigger than you 4 Likes |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by CharleyBright(m): 3:06pm On Jun 05, 2023 |
Ok |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Sunshine34(m): 3:06pm On Jun 05, 2023 |
We will surely get it right |
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Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by BalticGold: 3:09pm On Jun 05, 2023 |
Should this thing's not be put in place before removal of subsidy? What is happening now, is putting the cart before the horse. 2 Likes |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Shigishege2: 3:09pm On Jun 05, 2023 |
See everything will be alright. No be tinubu remove subsidy. The only thing that's sure more than death is that tinubu will not pay another subsidy expenses after June. |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Winning123: 3:10pm On Jun 05, 2023 |
Look at this one who has never managed a person before calling a man, who was one time governor of a state whose population is more than Ghana and now president of Nigeria senseless. You are also the zombie because it is obvious you can't learn. Get this into your skull; NIGERIA IS BROKE, so how do you expect the government to put those things in place. Nightwolf1:
Put these things in place first before you remove subsidy. Tinubu is absolutely senseless than his zombie minions.🐧🐧🐧🐧 |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Shigishege2: 3:11pm On Jun 05, 2023 |
Nightwolf1:
Put these things in place first before you remove subsidy. Tinubu is absolutely senseless than his zombie minions.🐧🐧🐧🐧 ever since your woman-boss lost the election you zombie followers were just too desperate and fool. You see this our Nigeria we are very proud of it and our loyalty is 100% cos we got no other country we want to go |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Antidoteee: 3:11pm On Jun 05, 2023 |
So your so called President didn't think these measures were important before allowing fuel price hike. |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by maivd: 3:12pm On Jun 05, 2023 |
Market forces should determine price not nnpc. |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by savcy(m): 3:12pm On Jun 05, 2023 |
This manner with which this whole subsidy situation ends would serve as a pointer to what we can come to expect from this administration. They call Tinubu a master-strategist. Well, it's indeed time to show he's actually one. Negotiations must be conducted in such a way that labour unions bear full participation in both advisory capacity and benefitting party. This is a test Mr. Tinubu, and if he passes it his legend would outlive him. If he fails, he'd be demystified forever. 2 Likes |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by CharleyBright(m): 3:13pm On Jun 05, 2023 |
For me, ordinarily, Subsidy is good. There is nothing wrong for govt to subsidy essential products and services for her citizens. It is done everywhere in the world by governments. It is part of government's social security safety nets for their citizens. However, Fuel subsidy in Nigeria is a BIG SCAM. It is a huge beehive of Corruption by government officials and their cronies to loot and decimate the country's revenue. The country cannot continue to sustain subsidy payments as a source for some selected priviledged few to continue to drain the country. Hence my position that Subsidy Must go (along with the corruption in the petroleum sector). I support Subsidy removal. Tinubu is right to want to remove it.
However, even when I support Subsidy being removed, I strongly believe the process of removing it must be done in a proper and acceptable manner where it doesn't trigger economic effects and constitute a huge burden on the already traumatized Nigerians. Nigerians are suffering, govt cannot inflict more pains on them.
But as a Nation, we can not fail to blame Buhari for the faceoff situation the country is now or take away the fact that Buhari set up Tinubu for a dogfight with Nigerians and the Labour Unions. For a person that earlier saw Subsidy as a scam, Buhari became a President that engaged in the same scam. And for 8yrs, he doubled as Petroleum Minister with absolutely nothing to show for in the sector except looting and bloated bills. We may want to ask, why did Buhari paid subsidy for 8yrs of his tenure and then deliberately made a budget that provided subsidy for half of 2023 year which only covers his tenure and excludes the incoming govt tenure? It was deliberately selfish and wicked of Buhari to provide subsidy for 6months and put the incoming govt to be a bad position of being without any other choice than to carry the burden of removing subsidy and enter into a fight with Nigerians from the beginning. Truth is that Buhari never had any political will to remove subsidy himself. He was simply a selfish and an arrogant I-know-it- all man who actually knows nothing but just sat on the Petroleum Ministry without having any solution to the many problems in that sector.
However,to be honest Tinubu carelessly walked into a pit Buhari dug for him. Tinubu had to carry the burden of removing subsidy, but failed to carefully understand the economic intricacies of that decision. He took a hasty and rash decision and it is likely to backfire.
From Economist perspective, what I would have advised Tinubu to do before making that subsidy removal announcement would have been to quickly put up a committee of experts to assess activities in the activities in the petroleum sector in totality to ascertain the actual consumption level of the country if it actually align with the subsidy payments and the real beneficiaries of subsidy payments. With that done, it would have realized that subsidy figures are heavily bloated and the source of leakage to be blocked. With the blockage of leakage in the petroleum sector, he would have then provided needed palliatives (Mass Transit buses nationwide etc) to cushion the effects of subsidy removal, and provide roadmap with timelines of what the monies saved from subsidy will be utilized for, before going ahead to remove the subsidy. That way, Nigerians would have seen the sincerity of purpose and the political will to sanitize the Petroleum sector and there wouldnt be complains.
But these weren't the case. We are where we are.
However, my advise for Tinubu now would be:
1. Allow the subsidy payment to run its course till June ending as provided in the budget. There was provision for subsidy payments in budget till June ending, the govt can't remove it in May.
2. Make enquiry into activities of the Petroleum sector and sanitize the sector and block every leakages therein. Punish those that have been involved in pilfering the sectors by demanding refunds of wealth stolen. If these are not done, the govt will only be removing subsidy and saving monies into hands of corrupt officials and their cronies that will end up stealing the monies.
3. Tinubu should provide basic social safety nets to ameliorate the impending inflation that will arise from subsidy removal.
4. Provide Mass Public Transportation buses across the nation to aid easy and affordable movement of people within the country.
5. Invest in alternative source of energy such as Solar Panels and renewable energies to augment the source of power as homes and businesses that were relying on generators will be great affected by subsidy removal.
6. Provide govt backed essential commodity market outlets Nationwide. These will help supply essential foodstuffs at affordable prices and help cushion the effect of soaring prices that will likely arise from subsidy removal.
7. (Many will not like this one)... My candid advise to govt will be to resist any call for salary increment by labour soon. It will greatly worsen the inflation situation. Perhaps when things have stabilize, the govt can consider salary increment as at due.
8. Engage and dialogue with all stakeholders on subsidy removal. Convince them to align with the policy by providing a feasible timeline on what the monies saved will be utilized for.
After all, GEJ made that provision when he tried to remove subsidy in 2012 and even gave palliatives after taking pump price to N120, but Tinubu and Buhari rejected and scuttled the move. Tinubu cannot come with empty hands to remove it with nothing to show (even at a far higher cost) and expect generally acceptance from Nigerians.
After all, if Tinubu and Buhari had allowed Jonathan remove subsidy then, we would be talking about subsidy payments 10 yrs after. Karma is always lurking at the corner for those that mess with it. 4 Likes 1 Share |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Shigishege2: 3:20pm On Jun 05, 2023 |
CharleyBright: For me, ordinarily, Subsidy is good. There is nothing wrong for govt to subsidy essential products and services for her citizens. It is done everywhere in the world by governments. It is part of government's social security safety nets for their citizens. However, Fuel subsidy in Nigeria is a BIG SCAM. It is a huge beehive of Corruption by government officials and their cronies to loot and decimate the country's revenue. The country cannot continue to sustain subsidy payments as a source for some selected priviledged few to continue to drain the country. Hence my position that Subsidy Must go (along with the corruption in the petroleum sector). I support Subsidy removal. Tinubu is right to want to remove it.
However, even when I support Subsidy being removed, I strongly believe the process of removing it must be done in a proper and acceptable manner where it doesn't trigger economic effects and constitute a huge burden on the already traumatized Nigerians. Nigerians are suffering, govt cannot inflict more pains on them.
But as a Nation, we can not fail to blame Buhari for the faceoff situation the country is now or take away the fact that Buhari set up Tinubu for a dogfight with Nigerians and the Labour Unions. For a person that earlier saw Subsidy as a scam, Buhari became a President that engaged in the same scam. And for 8yrs, he doubled as Petroleum Minister with absolutely nothing to show for in the sector except looting and bloated bills. We may want to ask, why did Buhari paid subsidy for 8yrs of his tenure and then deliberately made a budget that provided subsidy for half of 2023 year which only covers his tenure and excludes the incoming govt tenure? It was deliberately selfish and wicked of Buhari to provide subsidy for 6months and put the incoming govt to be a bad position of being without any other choice than to carry the burden of removing subsidy and enter into a fight with Nigerians from the beginning. Truth is that Buhari never had any political will to remove subsidy himself. He was simply a self man who just sat on the Petroleum Ministry without having any solution to the many problems in that sector.
However,to be honest Tinubu carelessly walked into a pit Buhari dug for him. Tinubu had to carry the burden of removing subsidy, but failed to carefully understand the economic intricacies of that decision. He took a hasty and rash decision and it is likely to backfire.
From Economist perspective, what I would have advised Tinubu to do before making that subsidy removal announcement would have been to quickly put up a committee of experts to assess activities in the activities in the petroleum sector in totality to ascertain the actual consumption level of the country if it actually align with the subsidy payments and the real beneficiaries of subsidy payments. With that done, it would have realized that subsidy figures are heavily bloated and the source of leakage to be blocked. With the blockage of leakage in the petroleum sector, he would have then provided needed palliatives (Mass Transit buses nationwide etc) to cushion the effects of subsidy removal, and provide roadmap with timelines of what the monies saved from subsidy will be utilized for, before going ahead to remove the subsidy. That way, Nigerians would have seen the sincerity of purpose and the political will to sanitize the Petroleum sector and there wouldnt be complains.
But these weren't the case. We are where we are.
However, my advise for Tinubu now would be:
1. Allow the subsidy payment to run its course till June ending as provided in the budget. There was provision for subsidy payments in budget till June ending, the govt can't remove it in May.
2. Make enquiry into activities of the Petroleum sector and sanitize the sector and block every leakages therein. Punish those that have been involved in pilfering the sectors by demanding refunds of wealth stolen. If these are not done, the govt will only be removing subsidy and saving monies into hands of corrupt officials and their cronies that will end up stealing the monies.
3. Tinubu should provide basic social safety nets to ameliorate the impending inflation that will arise from subsidy removal.
4. Provide Mass Public Transportation buses across the nation to aid easy and affordable movement of people within the country.
5. Invest in alternative source of energy such as Solar Panels and renewable energies to augment the source of power as homes and businesses that were relying on generators will be great affected by subsidy removal.
6. Provide govt backed essential commodity market outlets Nationwide. These will help supply essential foodstuffs at affordable prices and help cushion the effect of soaring prices that will likely arise from subsidy removal.
7. (Many will not like this one)... My candid advise to govt will be to resist any call for salary increment by labour soon. It will greatly worsen the inflation situation. Perhaps when things have stabilize, the govt can consider salary increment as at due.
7. Engage and dialogue with all stakeholders on subsidy removal. Convince them to align with the policy by providing a feasible timeline on what the monies saved will be utilized for. After all, GEJ made that provision when he tried to remove subsidy in 2012 but Tinubu and Buhari rejected and scuttled the move. Tinubu cannot come with empty hands to remove it (even at a far higher cost) and expect generally acceptance. Karma is always lurking at the corner for those that mess with it.
this is someone we want in Nigeria and in this mater. Someone who can constructively criticize not all these good for nothing people who are inconsequential when the real mater of this country is to be discussed |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Savedday2: 3:22pm On Jun 05, 2023 |
Have you observed that our politicians no longer loot in millions of Naira? They only loot billions of Naira.
Politicians in Nigeria are very wicked set of people. The want to remove subsidy so that they can have enough money to loot.
As far as am concerned, subsidy is the only thing the common man is benefiting from the government.
Buhari increased the price of fuel he didn't use the money to do anything instead, he borrowed more money for looting.
Make them leave our subsidy for us! |
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Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by bigiyaro(m): 3:26pm On Jun 05, 2023 |
Don't Nigerian trade unions have anny other weapon other than strikes? |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by dominic17: 3:27pm On Jun 05, 2023 |
How about curtailing Crude oil theft and reduce corruption around subsidy payment to increase revenue Winning123: Look at this one who has never managed a person before calling a man, who was one time governor of a state whose population is more than Ghana and now president of Nigeria senseless. You are also the zombie because it is obvious you can't learn. Get this into your skull; NIGERIA IS BROKE, so how do you expect the government to put those things in place.
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Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by dominic17: 3:31pm On Jun 05, 2023 |
In this case that 1 man single handedly took decision that affect the entire nation's economy without engaging critical stake holders is a sign of dictatorship and the only thing dictators understand is fire for fire ,so strikes appears to be only thing that can match his action. bigiyaro: Don't Nigerian trade unions have anny other weapon other than strikes? |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Vision101(m): 3:32pm On Jun 05, 2023 |
@BalticGold Should this thing's not be put in place before removal of subsidy? What is happening now, is putting the cart before the horse.
@me Where will the money come from when we are told that government borrows to fund subsidy. |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Nightwolf1: 3:38pm On Jun 05, 2023 |
Winning123: Look at this one who has never managed a person before calling a man, who was one time governor of a state whose population is more than Ghana and now president of Nigeria senseless. You are also the zombie because it is obvious you can't learn. Get this into your skull; NIGERIA IS BROKE, so how do you expect the government to put those things in place.
Tinubu social media miscreants are naturally daft. Look If you think Nigeria is broke then get the fvck out of there. No silly excuses. 1 Like |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by Nightwolf1: 3:40pm On Jun 05, 2023 |
Shigishege2: ever since your woman-boss lost the election you zombie followers were just too desperate and fool. You see this our Nigeria we are very proud of it and our loyalty is 100% cos we got no other country we want to go I don't ask you to explain your miserable situation for me. Keep your foolish loyalty and remain damned for life. |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by bobontop: 4:09pm On Jun 05, 2023 |
CharleyBright: For me, ordinarily, Subsidy is good. There is nothing wrong for govt to subsidy essential products and services for her citizens. It is done everywhere in the world by governments. It is part of government's social security safety nets for their citizens. However, Fuel subsidy in Nigeria is a BIG SCAM. It is a huge beehive of Corruption by government officials and their cronies to loot and decimate the country's revenue. The country cannot continue to sustain subsidy payments as a source for some selected priviledged few to continue to drain the country. Hence my position that Subsidy Must go (along with the corruption in the petroleum sector). I support Subsidy removal. Tinubu is right to want to remove it.
However, even when I support Subsidy being removed, I strongly believe the process of removing it must be done in a proper and acceptable manner where it doesn't trigger economic effects and constitute a huge burden on the already traumatized Nigerians. Nigerians are suffering, govt cannot inflict more pains on them.
But as a Nation, we can not fail to blame Buhari for the faceoff situation the country is now or take away the fact that Buhari set up Tinubu for a dogfight with Nigerians and the Labour Unions. For a person that earlier saw Subsidy as a scam, Buhari became a President that engaged in the same scam. And for 8yrs, he doubled as Petroleum Minister with absolutely nothing to show for in the sector except looting and bloated bills. We may want to ask, why did Buhari paid subsidy for 8yrs of his tenure and then deliberately made a budget that provided subsidy for half of 2023 year which only covers his tenure and excludes the incoming govt tenure? It was deliberately selfish and wicked of Buhari to provide subsidy for 6months and put the incoming govt to be a bad position of being without any other choice than to carry the burden of removing subsidy and enter into a fight with Nigerians from the beginning. Truth is that Buhari never had any political will to remove subsidy himself. He was simply a selfish and an arrogant I-know-it- all man who actually knows nothing but just sat on the Petroleum Ministry without having any solution to the many problems in that sector.
However,to be honest Tinubu carelessly walked into a pit Buhari dug for him. Tinubu had to carry the burden of removing subsidy, but failed to carefully understand the economic intricacies of that decision. He took a hasty and rash decision and it is likely to backfire.
From Economist perspective, what I would have advised Tinubu to do before making that subsidy removal announcement would have been to quickly put up a committee of experts to assess activities in the activities in the petroleum sector in totality to ascertain the actual consumption level of the country if it actually align with the subsidy payments and the real beneficiaries of subsidy payments. With that done, it would have realized that subsidy figures are heavily bloated and the source of leakage to be blocked. With the blockage of leakage in the petroleum sector, he would have then provided needed palliatives (Mass Transit buses nationwide etc) to cushion the effects of subsidy removal, and provide roadmap with timelines of what the monies saved from subsidy will be utilized for, before going ahead to remove the subsidy. That way, Nigerians would have seen the sincerity of purpose and the political will to sanitize the Petroleum sector and there wouldnt be complains.
But these weren't the case. We are where we are.
However, my advise for Tinubu now would be:
1. Allow the subsidy payment to run its course till June ending as provided in the budget. There was provision for subsidy payments in budget till June ending, the govt can't remove it in May.
2. Make enquiry into activities of the Petroleum sector and sanitize the sector and block every leakages therein. Punish those that have been involved in pilfering the sectors by demanding refunds of wealth stolen. If these are not done, the govt will only be removing subsidy and saving monies into hands of corrupt officials and their cronies that will end up stealing the monies.
3. Tinubu should provide basic social safety nets to ameliorate the impending inflation that will arise from subsidy removal.
4. Provide Mass Public Transportation buses across the nation to aid easy and affordable movement of people within the country.
5. Invest in alternative source of energy such as Solar Panels and renewable energies to augment the source of power as homes and businesses that were relying on generators will be great affected by subsidy removal.
6. Provide govt backed essential commodity market outlets Nationwide. These will help supply essential foodstuffs at affordable prices and help cushion the effect of soaring prices that will likely arise from subsidy removal.
7. (Many will not like this one)... My candid advise to govt will be to resist any call for salary increment by labour soon. It will greatly worsen the inflation situation. Perhaps when things have stabilize, the govt can consider salary increment as at due.
8. Engage and dialogue with all stakeholders on subsidy removal. Convince them to align with the policy by providing a feasible timeline on what the monies saved will be utilized for.
After all, GEJ made that provision when he tried to remove subsidy in 2012 and even gave palliatives after taking pump price to N120, but Tinubu and Buhari rejected and scuttled the move. Tinubu cannot come with empty hands to remove it with nothing to show (even at a far higher cost) and expect generally acceptance from Nigerians.
After all, if Tinubu and Buhari had allowed Jonathan remove subsidy then, we would be talking about subsidy payments 10 yrs after. Karma is always lurking at the corner for those that mess with it.
Bros your analysis was sound and void of the usual niaraland tribal madness. But one thing you are forgetting is that all the leaders you mentioned here had very good plans and better policies than those you outline but the were frustrated by the corrupt and criminal mindset of Nigerians. None of these leaders wanted to fall. But Nigerian problem is not about policies. Just like the new electoral law - very excellent masterpiece that would have transformed our electoral process but you saw how the criminality of the Nigerian people and system made a mess of it. Professors, Shamelessly sat before camera and read out lies. Any leader that will change Nigeria must go beyond good and intelligent policies. He must have the moral and spiritual aura that can inspire and institutionalize a mental and moral revolution. Someone that his integrity and moral standards will appeal to the conscience of Nigerians and thereby inspire attitudnal change within the populace.This was what many of us expected from Buhari based on his earlier war against indiscipline but we overrated him. Until we get such a leader, the best of policies and programs that have transformed other nations will end up in the gutter just like the new electoral law and the last election. |
Re: Finding Common Ground: Role Of Trade Unions And FG In Fuel Subsidy Removal by richidinho(m): 4:11pm On Jun 05, 2023 |
Nightwolf1:
Put these things in place first before you remove subsidy. Tinubu is absolutely senseless than his zombie minions.🐧🐧🐧🐧 Godbless you brother |
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