Fuel price increase: Nigerians Deserve Better – By Dr Ahmed adamu
Nigerians deserve better. Despite one of the worst fuel crises and the largest fuel price increase in 2015/2016 and the proclamation of total removal of petroleum subsidy and deregulation, we still go back to regulated regimes that were blamed to have caused the hardships. There is no consistency in the petroleum regulation policy yet.
Nigerians deserve not only available but affordable petrol. It makes no difference when it is there, but not affordable. Then, it serves the rich. During over-recoveries, fuel prices were not reduced, only in a few cases we had little reductions, but didn’t last long. The biggest danger of fuel price increase is that it rises with other prices, and prices usually never come down.
There is no excuse for the Nigerian government for not building refineries, and for not protecting the Naira. Despite the border closures, the currency has not been saved and the food prices have not reduced, in fact, food prices kept increasing. So, all the pains were in vain.
It is disheartening that we now have to import Maize. Despite the shout on Agricultural revolution, we ended up importing Maize. At a difficult time like this, the government should not have increased the fuel price, it should reduce it to serve as palliative.
Billions of Naira have been expended in the name of social support, but have not made a difference. That money should have been used to pay for the petroleum under-recovery and save the fuel price. This administration’s policies on Border issues, Petroleum, and Social Supports should be reviewed as they failed to result to a better life.
Dr. Ahmed Adamu