It’s a sad story that most
Nigerians lack good information and skills of a rational consumer which push
them into following selfish leaders to campaign against the removal of fuel subsidy.
Economically, the removal of
subsidy will increase revenue for the country as about N16.4 billion used to
subsidies petroleum price every month can now be used to aid capital project
giving room for social development.
Secondly with the upper benchmark
of N145 per litter placed on petroleum pump price, opens the marketers into
high level of competition as individuals now have the right to import petroleum
and sell based on convenient price but not more than N145 per litter. Now it should be cleared to Nigerians that
oil is market driven and opening the market for competition will in future
benefit Nigeria and Nigerians.
So also subsidy removal will
reduce hoarding, smuggling and diversion substantially and stabilize price at
the actual product price. It will create labor market stability, potentially
creating new jobs through new investment in private refineries and retails
President Muhammed Buhari saving
N1.5trillions ($7.5billion) yearly from removal of fuel subsidy is sure to help
Nigeria conveniently establish and fund enough gas projects in the Niger Delta
area and every other oil producing state which Lagos is now one (as announced by
Lagos state governor Akinwumi Ambode) for the next 10 years caring for not only
domestic gas consumption but also to improve elasticity power supply.
Now dear friends you can imagine
Nigeria with good social development, employments, stable electricity supply,
high level of competition within petrol marketers meaning you can buy fuel from
any filling station of your desire price not more than N145 per litter. Then Nigeria
will no longer be tormented, terrorized, brutalized and harassed by NUPENG and PENGASSAN the petroleum labour unions
that never campaign for the good of common Nigerians but campaign only for
their selfish interest and the wellbeing of their families.
Remember good society encourages
sound learning and sound/quality learning attitude leads to good education
while good education increase knowledge about the world we live in given the
present generation quick sight into greater achievements creating better future
for generation to come.
Am Adefowoju Ayodele unveiling the future leaders with the
right key. My full support for change and development is 100%.
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