Tuesday, October 23, 2018
Add this page to Blinklist Add this page to Del.icoi.us Add this page to Digg Add this page to Facebook Add this page to Furl Add this page to Google Add this page to Ma.Gnolia Add this page to Newsvine Add this page to Reddit Add this page to StumbleUpon Add this page to Technorati Add this page to Yahoo


ideas have consequences

You are here:Home>>Strategic Research & Analysis>>Emeka Chiakwelu>>Removal of fuel subsidy: Poor Timing and strategizing
Monday, 09 January 2012 19:42

Removal of fuel subsidy: Poor Timing and strategizing

Written by Emeka Chiakwelu
Rate this item
(5 votes)
President Jonathan President Jonathan

The whole world is watching as Nigeria descended into chaos and uncertainty due to the removal of fuel subsidy.

The social fabric of the society appears to be shifting and things are no longer at ease as protesters gathered steam and momentum. The brinkmanship between the presidency and labour is something to be given the deserving attention. Was the subsidy removal justified or ill-timed compounded with poor strategizing? It depends on who was answering the question, the government and the poor masses have different perspectives and justifications.

 

Financial Times of London reported that, “Goodluck Jonathan, Nigeria’s president, faces a growing backlash to his sudden removal of a fuel subsidy programme, seen as one of the few contributions the government of Africa’s biggest oil and gas producer makes to its people’s wellbeing. Amid a chorus of criticism from opposition leaders, thousands of protesters staged a second day of demonstrations across Africa’s most populous nation after petrol prices more than doubled overnight."

 

No matter how wonderful things the removal of fuel subsidy will bring to the people as President Jonathan and his economic team promised, Nigerians are not buying it.   People are protesting and refuse to settle for the subsidy removal. The Nigerian leadership we can see by now did not sell it well to the people nor convince them of the incoming goodies that will supposedly follow through. It will not take a rocket scientist to figure out why the people do not accept the fuel subsidy removal but rejected the offer of empty appeasement.

 

First and foremost, it is difficult to hold an abiding conversation and agreement with a hungry person. The reality is that seventy percent of Nigerians live in poverty and etched a miserable living with less than $2 a day. With hyper unemployment and ravaging poverty, the nominal benefit that Nigerians can point to coming from the huge petroleum deposit as an oil producing country is the fuel subsidy.

 

"In a New Year's Day announcement, Nigeria's government said it would scrap a 38-year-old subsidy that had kept motor fuel priced at just 65 naira a liter, or $1.55 a gallon. Gas prices more than doubled throughout the country on Monday and continued to inch up to about 140 naira a liter in Lagos, the commercial capital, on Wednesday. Economists warn that the jump in fuel prices is almost certain to push up prices for food and household items in the country of 167 million people, 70% of whom live on $2 a day or less. Inflation has topped 10% in all but two of the past 40 months," Wall Street Journal reported.

 

From any angle one chooses to look at it, most Nigerians do not trust their government. Their lack of trust and disappointment with Nigerian government was not developed on a hallow ground. Prior to this many Nigerian governments have disappointed their citizens for a long time. Therefore it will be difficult for any administration no matter how honest or sincere it maybe to convince Nigerians otherwise. President Jonathan and his economic team did not lay down the necessary steps to carry their people with them. To tell Nigerian people the importance of the removal of fuel subsidy will not compel them to accept the short-time suffering and discomfort that will come from the subsidy removal.

 

The economic wellbeing of the country at the moment is neither encouraging nor warrant such a new hike in petrol price. The majority of the people in the country is relatively poor and desperately relies on the affordable petrol and kerosene. The moderately decent transport fare for survival is going up tremendously. When the people survived with less than $2 daily and a gallon of petrol stood at $4 and rising; how is it possible for the poor to survive together with higher food prices and transportation?

 

Poor strategizing was a major problem to Jonathan Administration and his economic team. The was paucity of strategic planning without soft cushion for the public. There was no trust between the people and the ruling class, for the administration foremost pre-subsidy removal goal would be to establish a comfort level and rapport with the Nigeria people. The government could not actualize a quantifiable trust that it can count on before it the desired action.

 

Nigeria may need to remove fuel subsidies inorder to deregulate upstream drilling. By so doing  will result in the attraction of deep-pocket investors into upstream drilling and that will subsequently lower the price of petroleum products including petrol and kerosene. The problem is that it will take a reasonable long time for all these undertakings and Nigerian public may not have the stomach to wait for such an extended time.  Nigerians do not buy into the process that they promised that the outcome will be favourable to them due to lack of confidence they have for the government. The government does not have a good track on keeping its promise; therefore there is nothing for the people to build upon. The house of Nigeria has fallen and the people are not ready to pickup the rabbles.

 

The timing for the government’s action maybe its greatest vulnerability; while the government is already battling the major headache coming from Boko Haram, now it will compound the challenges coming from the country's Labour Union and other restless organizations together with the hyper-energetic youths. That is too much load to be carried by this administration that has not strengthen its feet on the ground.

Speaking to CNN, Feyi Fawehinmi, an accountant and analyst, said "When you have so much poverty, a lot of business and lives have been built on petrol being at N65, which is not exactly cheap, even at subsidized rates. People are just not moving out of poverty quickly in Nigeria. There is an economic case but this is not something that can be quantified economically, the government cannot tell how many businesses will be ruined or even how many people will die," Fawehinmi continued. "The impact will be so wide-ranging. There should have been a plan to remove this in a sensible way, not in this crude manner."

 

Wall Street Journal stated that "President Goodluck Jonathan is unlikely to yield. Nigeria had been spending about 1.2 trillion naira ($7.5 billion) a year to maintain the price—money that came directly from its oil earnings, never entered the federal budget and could have been better used, his aides have argued, for infrastructure improvements on roads and power plants."

 

That is not good news for although the subsidy has been expensive but at same time the people needs the subsidies to make their lives little less depressing. There is no way out of this one for it looks like the administration is not going to back down nor is the people willing to let go.

 

Nigeria needs peace and stability to continue with its economic growth and implementation of other less troubling economic reforms including restricting of the surging inflation and provision of infrastructures. But when everything comes to a halt because of fuel subsidy removal everybody will be a loser. The economic growth will stop, inflation will soar and investors will recall their capitals.  There is still time to find solution in the light before it turns to corpulent darkness.

 

 

 

Last modified on Monday, 16 January 2012 15:23

62 comments

  • Comment Link Ronald Thursday, 23 November 2017 09:29 posted by Ronald

    plan cul dans la drome plan cul pontoise plan cul fecamp plan cul vichy plan cul 5 plan cul
    dans la somme plan cul chat gratuit site plan cul gay plan cul saint etienne du rouvray plan cul yvetot plan cul annonay plan cul sur strasbourg plan cul saint cloud
    plan cul a tours chercher plan cul plan cul 81 plan cul bron plan cul maubeuge plan cul pau plan cul 974 trouver plan cul paris plan cul bully les mines site pour trouver plan cul
    plan cul bourgoin jallieu plan cul pertuis plan cul anzin plan cul dans l eure trouver
    un plan cul gratuit plan cul gay grenoble plan cul montigny en gohelle plan cul avec une vieille plan cul tassin la
    demi lune plan cul pontault combault plan cul grasse plan cul lyon sans inscription plan cul gratuite
    plan cul guyane plan cul saint die des vosges plan cul illkirch graffenstaden plan cul voiron premier plan cul plan cul
    amboise trouver un plan cul gratuit plan cul x plan cul montmorency plan de
    cul com plan cul carrieres sous poissy plan cul haute loire plan cul carmaux plan cul 45

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Fausto Thursday, 23 November 2017 08:08 posted by Fausto

    today in astrology sagittarius monthly astrology forecasts rooster astrology today july 11 astrology sign astronomical unit to miles love and marriage astrology astrology signs physical
    traits world astrology 2020 saturn in twelfth house vedic astrology vedic astrology venus
    in aquarius new world astrology age of aquarius vedic astrology cancer zodiac astrology online astrological sign for may 5 goat astrology common astrological terms jaimini astrology predictions my astrology as per date of birth astrology pictures of the day sanjeev astrologer sydney astrology cancer woman taurus man love astrology sagittarius today juno
    in synastry astrology pandit vijay kumar astrologer astrology meaning
    of dreams zodiac astrology horoscope capricorn chinese astrology by date of birth and name january 23 astrology sign sedna in houses astrology astrology signs
    partners in crime july 1 astrology sign true zodiac astrology chinese astrology tiger woman current astrological sign dates april astrology capricorn next week astrology libra saturn in 10 house vedic astrology astrology for this week gemini career karmic astrology soulmates insightful astrology astrology sign for may 22 color astrology for houses what does the
    8th house in astrology mean online marriage astrology by date
    of birth astrology signs of twin flames top ten astrologers in world cancer
    astrology zone august what is hamsa yoga in astrology famous astrologers topaz astrology

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Cara Thursday, 23 November 2017 06:58 posted by Cara

    plan cul gay tours qu est qu un plan cul plan cul gay
    strasbourg plan cul les ponts de ce plan cul st nazaire plan cul alencon plan cul tinqueux
    plan cul gay cannes plan cul vernouillet plan cul
    paris 15 plan cul metz plan cul saint junien plan cul blois plan cul en charente plan cul pont
    a mousson plan cul sans payer plan cul en sarthe plan cul saint quentin plan cul l'hay les roses plan cul fontaine plans cul
    gratuit plan cul 973 videos plan cul plan cul bourgoin jallieu plan cul saint germain en laye
    plan cul lozere plan cul amiens plan cul ariege plan cul le lamentin plan cul landes plan cul bourges plan cul 50
    ans plan cul entre hommes plan cul 100 gratuit comment trouver un plan cul video plan cul plan cul saint pierre plan cul castres plan cul croix
    plan cul haute saone site de rencontre gratuit pour plan cul histoire de plan cul plan cul 32 plan cul saint
    ouen plan cul guilherand granges plan cul luce plan cul
    noisy le sec plan cul saint fons plan cul meurthe et moselle plan cul puy de dome

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Selina Thursday, 23 November 2017 06:08 posted by Selina

    tarot osho zen voz interior tarot del futuro inmediato en el amor tarot hoy virgo como
    tirar las cartas del tarot si o no tarot del amor para
    el dia de hoy gratis tarot visa 15 minutos 7 euros tarot para el dia
    de hoy gratis buen tarot telefonico cartas tarot gitano amor tarot gratis oraculo azul lectura del tarot
    amor futuro como hacer una tirada de tarot para el amor el
    tarot de osho zen con los 78 arcanos tarot diablo y mago tirar cartas de tarot gratis tarot certero trabajo cartas tarot
    lleida tarot interpretacion tiradas tarotistas buenas en barcelona la verdad oculta del
    tarot tarot y oraculo gratis del amor lectura gratis tarot gitano
    tirada tarot para el trabajo la papisa tarot chats gratis tarot tarot de rapel tirada de tarot gratis del amor del si o no horoscopo y tarot del dia gratis tarot septiembre tarot de arcanos si
    o no tirada tarot osho como leer el tarot jugar
    al tarot del amor gratis tarot medium gratis sumo sacerdote tarot trabajo
    tarot amor economico 0 41 mago y sol tarot amor tarot tauro 2017 junio tarotista buena tirada cartas tarot si o no tirada tarot para el amor tarot gratis gratis tirada gratis de tarot del
    dia de hoy carta del dia tarot de la luna el
    sol tarot amor tarot cancer 2017 lee tu tarot gratis trabajo de tarotista en lima tarot gitano de 3 cartas gratis tarot gratis del si
    o no y runas

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Damon Thursday, 23 November 2017 06:06 posted by Damon

    tarot queen of cups yes or no coolest tarot decks online tarot reading
    yes or no ata tarot death heart of the matter tarot spread
    tarot guild of australia melbourne free daily horoscope and tarot tarot fool upside down knight of swords reversed tarot card meaning tarot reading and religion eight of cups
    tarot meaning love tarot seven of pentacles and six of cups how to read a celtic cross tarot spread tarot
    yes or no list prince of swords tarot card meaning crowley tarot
    xvii tarot card meanings empress reversed tarot 10 pentacles the hermit tarot future
    cosmic tarot deck images 2 of pentacles love tarot free tarot reading my relationship death/rebirth tarot
    card meaning trusted tarot card meanings make your own tarot tarot symbols list free tarot reading major and minor arcana lovers tarot card marriage ace of pentacles tarot heaven tarot readers
    townsville tarot card reading yes no question free tarot card
    prediction for career meaning tarot the lovers tarot 12 major arcana karma tarot by birgit
    boline erfurt yes not tarot star tarot card yes or no judgement tarot
    card of the day 3 card tarot reading online free dark tarot
    reading best tarot readings online virtual tarot card reading two wands in love tarot reversed lovers
    tarot card meaning tree of life tarot 3 of cups tarot love free tarot divination judgement reversed love
    tarot meaning tarot suits meanings heart tarot

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Barry Thursday, 23 November 2017 03:29 posted by Barry

    sextile transit astrology newborn baby astrology true north node astrology what
    is bhava in vedic astrology solar fire astrology online daily forecast astrology astrology element percentages aries astrology love
    today bible verses and astrology if today is your birthday astrology zone free
    lal kitab astrology by date of birth strong
    8th house vedic astrology astrology and bible prophecy astrology zodiac signs virgo vedic astrology houses and
    body parts 11 house astrology astrological symbol
    bella jewel astrology how to find soulmate by astrology myanmar astrology
    horoscope kuja yoga vedic astrology ask real astrologers elemental astrology astrology science or
    pseudoscience meaning of astrological conjunction marriage prediction through vedic astrology astrology king virgo july pisces astrology profile astrology zone mutable signs the third house in vedic
    astrology prem astrologer weekly horoscope lord of all houses in astrology astrology january 29 astrology according to name and
    dob astrology signs june 5 astrological sign finder april 13th
    astrology sign free astrology birth profile most accurate astrology predictions when i'm
    going to marry astrology 8th house vedic astrology krs sri ravi shankar guruji astrologer address quincunx astrology symbol july 15
    birthday astrology profile virgo zodiac astrology-online love sex
    and astrology predict death date astrology funny astrology facts astrological sign by date free vocational
    astrology reading

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Carol Thursday, 23 November 2017 02:33 posted by Carol

    tarot gratis futuro amor tirada tarot gitano oraculo lee tu tarot gratis tarot del amor si o no gratis ver el
    tarot de tauro cartas tarot familia es malo saber leer
    el tarot tirada de 3 cartas gratis del dia tarot gitanos gratis en linea tirada rapida del tarot si
    o no tiradas de cartas gratis tarot del amor vidente tarotista gratis la carta del tarot del diablo el oraculo tarot celta arcano mayor la rueda
    dela fortuna en el amor lectura gratis de tarot si o no ver futuro las
    cartas de tarot gratis tirada gratis de tarot amor aprender a tirar el
    tarot tarot telefonico por 5 euros tarot ver mi futuro gratis secretos del
    tarot 9 copas numeros de telefonos de tarot comprar cartas
    del tarot en granada interpretar cartas tarot el mundo invertida tarot amor tarot futuro inmediato gratis tarot gratis futuro en el trabajo quiero aprender a leer el tarot gratis juegos de
    tarot de amor gratis quiero tirarme las cartas del tarot gratis consultas de tarot gratis
    por chat tarot arcanos gratis semanal tarot por telefono usa
    tirada cartas gratis tarot cruz celta latin tarot tarot del amor sin enganos tarotistas gratis por whatsapp se
    busca tarotista tirada de tarot en linea gratis tarot del amor 100 verdadero tirada de
    tarot el oraculo si no preguntas al tarot sobre
    trabajo tarot capricornio 2017 amor tarot de embarazo
    si o no tirada cartas tarot gratis gitano tarot bilbao tarot sobre el amor
    tarot del si ono con 5 cartas juegos de tarot virtual gratis

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Nicholas Wednesday, 22 November 2017 20:47 posted by Nicholas

    tatouage signe astrologique scorpion connaitre son signe astrologique azteque compatibilite astrologique femme scorpion homme
    poisson prevision astrologique personnalisee gratuite signe astrologique taureau du mois quel est le signe astrologique du 5 octobre trouver
    signe astrologique chinois quel signe astrologique pour janvier interpretation roue astrologique tarot il y avait 13 signes du zodiaque signes
    astrologiques lion femme dessin signe astrologique balance
    sagittaire signe astrologique tatouage signe
    astrologique cochon vierge caracteristique signe astrologique taureau signe astrologique
    milieu du ciel signe astrologique homme capricorne et
    femme lion comment calculer son ascendant en astrologie les 13 signes astrologiques signe astrologique
    du 10 juin signe astrologique lion ascendant sagittaire signe astrologique sagittaire ascendant balance
    quel est le signe astrologique du mois d'aout astrologie soleil lune ascendant astrologie rome antique
    signe astrologique fin juillet debut aout astrologie egyptienne calculer capricorne signe astrologique homme 22 mai signe astrologique signe astrologique balance signification signe astrologique druidique astrologie janvier signe
    astrologique du 28 fevrier caracteres signes astrologiques symbole signe astrologique
    scorpion signe astrologique du 30 septembre astrologie japonaise description signe
    astrologique femme capricorne homme scorpion le signe astrologique poisson femme calculer son ascendant astrologique chinois
    signe zodiaque 22 janvier signe astrologique
    le 3 juin astrologie amoureuse scorpion cancer signe astrologique du cancer en amour comment connaitre son signe astrologique arabe 20 juillet signe du zodiaque tarot roue
    astrologique signification signe zodiaque balance et belier ascendant en astrologie les
    signes du zodiaque faux

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link JacobHycle Thursday, 16 November 2017 10:42 posted by JacobHycle

    Солнцезащитные очки Opposit Очки солнцезащитные Tm 017S 01 NRKI.RU http://nrki.ru/solncezashchitnye-ochki-opposit-ochki-solncezashchitnye-tm-017s-01.html - Click here!..

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link CraigHeita Tuesday, 14 November 2017 13:47 posted by CraigHeita

    Приобрести можно на веб-сайте http://mangystin.bxox.info

    Как похудеть за неделю на 10 кг в домашних условиях.
    Как похудеть на 10 кг за одну неделю.
    Как похудеть за неделю на 10 кг в домашних условиях? Это непросто и грозит рядом побочных эффектов. Однако если экстренное понижение веса вам действительно необходимо, есть полезные рекомендации, как это сделать.
    Последствия для здоровья.
    Сбросить 10 кг в течение одной недели – это сильный стресс, который не каждый организм может выдержать без негативных последствий. У женщин резкое снижение веса может сопровождаться болями в сердце, головокружениями и сбоем менструального цикла. Кроме того, для человека, который весит 70-80 кг, такой результат за неделю недопустим в принципе, необходимо четко осознавать свои возможности.
    Будем честными: резкое похудение за такой короткий срок без хирургического вмешательства может быть достигнуто только за счет потери влаги, а не жировых отложений. Поэтому чтобы поддержать достигнутый результат, вы не ограничитесь одной неделей. Необходимо будет долгосрочно поменять свой образ жизни.
    Жесткая диета.
    Эффективное средство для тех кто мечтает как похудеть за неделю на 10 кг – перейти на «голодную» диету. Особенность ее в том, что организм в течение недели почти не получает жиров, белков и углеводов, благодаря чему вес стремительно снижается. Один нюанс: прим.
    Рацион диеты-голодания состоит из жидкостей. В течение дня нужно выпивать литр минеральной воды, на следующий – литр маложирного молока. В четверг можно добавить тарелку салата из вареных, свежих овощей. К субботе организм почти истощится, поэтому для поддержания сил нужно съесть одно вареное яйцо, 100 г постного мяса и пару кислых яблок. Воскресенье заканчивается 100 г маложирного творога и стаканом кефира.
    Чтобы не поддаться соблазну съесть кусок мяса или хлеба, разделите дневной рацион на маленькие части, это поможет заглушить чувство голода. Жесткая диета может обострить хронические заболевания, привести к неполному перевариванию пищи, поэтому вместе с водой нужно ежедневно пить витамины, чтобы поддержать силы.
    Народные средства.
    Одним из популярных в последнее время способов быстро сбросить вес считаются народные средства. Настои и соки можно комбинировать с жесткой диетой, чтобы получать полезные вещества и нормализовать обмен веществ. Так, капустный сок ускоряет метаболизм, препятствует образованию жировых отложений. В день необходимо выпивать по 3 стакана.
    Настой горькой полыни применяется при ожирении. Одна столовая ложка заливается стаканом кипятка и настаивается полчаса. Настой необходимо принимать три раза в день по столовой ложке за 30 минут до приема диетической пищи. В течение недели желательно также принимать ванны с добавлением соды, которые помогают параллельно уменьшить проявление жировых отложений на животе.
    Физзарядка.
    Думая над тем, как похудеть за неделю на 10 кг в домашних условиях без диет, обратите свое внимание на физические нагрузки. Это непременное условие быстрого похудения при условии, что вы потребляете много овощей и фруктов.
    Оптимальное время для занятий физкультурой – полдень или 17-19 часов и не раньше чем через пару часов после принятия пищи. Обязательным условием эффективных занятий являются ежедневные прогулки на свежем воздухе. А через день нужно выполнять комплекс из следующих упражнений: приседания, выпады на одной ноге, упражнения для груди и талии. Систематические нагрузки приведут к наращиванию мышечной массы и стремительному понижению веса.
    Похудеть на десяток килограммов – сложная задача. Но если вы найдете в себе силы каждый день ограничивать себя в еде и заниматься физкультурой, то получите прекрасный результат.



    Приобрести можно на веб-сайте http://mangjoo77.mangoosteen.com

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Start
Prev
1

Add comment