Opinion
Still On Petroleum Subsidy
There seems to be a cold war in Nigeria now between some political class in support of the Federal government proposed plan to remove petroleum subsidy, the masses, and the Nigerian Labour Congress (NLC), is like trying to remove a venom from a cobra snake without any protection.
The reminiscence of this type of controversy reminded us of the days of the IMF loan debate during the former military President Ibrahim Banangida regime where Nigerian views were discarded for personal aggrandizement.
Presently, the subject matter of the hullabaloo is the purported removal of subsidy by the federal government. This quagmire may be like the University strike.
Subsidy is a form of protectionism or financial support given to individual or group of business people to assist them to subsidize the price of an item or product for the benefit of all. Unfortunately, there had been a strong bond between the federal government and the independent petroleum marketers with unnecessary confidentiality in this importation of fuel making Nigerians to be very skeptical on the financial assistance to the Petroleum marketers.
For sometime now, importers of fuel, kerosence and diesel have enjoyed huge some of money from the federal government in the name of subsidy. They had formed cartel and can hold the country to ransom because the importation of petroleum product is not liberalize just like cement, sugar, bulding materials and others crucial items left in the hand of government loyalist.
In truism, Thomas Wolsey introduced subsidy to England in 1513, and it was aimed at supporting an enterprise regarded as being in the public interest. It is a fact that all over the world, the basic reason for the formation of government is for the welfare of the people and Nigeria will not run contrary to such celebrated view even through they have fail us many time. Government will therefore continue on it social services and circumvent form any business entrepreneurship because of the very corrupt tendencies in our political leaders.
Following the shocking revelation of corruption in Nigeria one might find it every difficult to believe that the federal government uses $4.5bn annually as ol subsidy. The whooping figure as no explanation as to who get what and why, it a mere assumption and Nigerians should not accept it without a proper probe. Nigerians should know how much money is shared among the Independent marketers and why. Because there are powerful forces in Nigerian National Petroleum Corporation, (NNPC) and some to government representative who are feeding fat on this fuel importation. The implication is that this importation of petroleum product is a private business and not a public one. If so, why should the government not use if federal might and remove all of the encumbrances hindering the markets?
Furthermore, there must be a clear understanding and demarcation between liberalization, deregulation, privatization and removal of subsidy because the political class take delight in inventing political terminology that mean opposite of what they say. We must therefore be vigilant and careful not to be poison by their philosophies and propaganda.
Any additional pump price above N70 per. Litre is exploition and suicidal of the masses. In the days of President Olusegun Obansanjo, public companies were sold to his “Political Associate” in the name of privatization to the detrment of the public and we are yet to benefit. Nigerian retirees are the worst scenario as they are been tormented by the same government they served.
Recently, the Minister of Petroleum Dr. Railwanu Lukeman has stated in London during an interview that the four refineries in Nigeria will soon work because there is some maintenance presently taking place now, the question is why is the hurry to remove subsidy since importation will soon stop or reduced. We should not forget in a hurry how former President Obansajo and former Senate Deputy President Ibrahim Mantu joint venture on palliative measure during the constant increase in fuel price ended.
In the area of good governance, whether at federal, state or local government level, one will be astonish that the government is not implementing the budget item by item and these has given room to mismanagement of our resources. Few months now to the end of year and some ministries and government agencies are yet to receive any money from their expected budget estimate, how would the government explain this. While others will return huge some of what they call unspent money back to government some of the monies will lost in transit that is why we need transparency in the system of governance to transform the society.
In fact, deregulation is not the removal of subsidy as it currently presented by some government media. Opposing the dreaded deregulation, the Central bank governor, Mr. Lamido Sanusi has warned that even the deregulation will increase the infation rate in the country for now. The campaign by the federal government for the removal of subsidy is deceptive, camouflage and a time bomb and this will increase price of fuel. May be President Yaradua is dancing the drumbeat of another person. In the business of Petroleum every body make gain.
Can the Nigerian government make bold to say that they are not making profit?
From all indication, there will be a great calamity if the subsidy is remove hastily because the nation will stagnates, everyone will be effected and every sector of the economy will rot. The government must wake from it slumber to know that every new national energy policy must begin not with investment, but with the truth. Countries of the world whether developed or developing nation are using subsidy as a tool for greater welfare of the people.
The N70 billion naira injected to the textile industry by the federal government was form of subsidy too. No doubt, the removal of subsidy at this material time will cause panic, commotion and the Seven Point Agenda of President Umaru Musa Yaradua will be like a mirage. This situation may be regrettable and degenerate into the ritualistic strike often encouraged by government.
Equally, a decision like removal of subsidy can ginger the public against the winning party making opposition party to take power gradually since 2011 is just within the conrner. Those sugarcoated mouth pushing for removal of subsidy are enemies to the majority of Nigerians.
Apparently, the Senators of the Federal Republic of Nigeria has cautioned the government on the dangers of subsidy for now. If the only tangible reason given for the removal of subsidy is based on freight charges, port charges, cost in insurance and cost of bridging, the question is, who collect all these charges on behave of the federal government. It means that the N640 billion subsidies paid in a single year is rhetoric, unrealistic and fraudulent.
On the issue of deregulation, government can make law on building of mini refineries as a prerequisite for a new prospecting company to do business here.
Even in the United States of America, there are divergent views on subsidy and most time debate and public opinion are use to buttress their point to support the poor masses.
Interestingly, American government had extended subsidy into other areas like, housing, agriculture, transportation, education and railroad among others.
Another very important area on the subject matter, if Nigerians fail to reject this Orchestrated plans to impoverish the masses posterity will not forgive us.
We therefore call the elites, students bodies, the Nigerian Labour Congress, the Nigerian Union of Journalists, the Nigerian Bar Association, the Civil Society Organisation, Religious Organisations and others to advice the federal government on the dangers of removal of subsidy which has nothing to do with deregulation and liberalization. By all ramification we are not a poor country and should benefit all the goodies of crude oil.
While countries like Ghana and South Africa is improving the quality of life of their citizens and practicing true democracy and politics most Nigerians politicians are interested in poli-thiefs.
Pius Dukor writes from Port Harcourt.
Pius Dukor
Opinion
Man and Lessons from the Lion
Opinion
Marked-Up Textbooks:A Growing Emergency
Opinion
Humanity and Sun Worship

-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension