Over the years, our leaders had failed s repeatedly
over implementation of promises. Nigeria is known for good blueprints on whiles
and programmes but execution an implementation of those policies is always a
problem .
Based on this experiences, Nigerians are living in
fear of being heated with subsidy removal.
Subsidy removal in the oil industry according to some
Nigerians may not ensure effective an deficient streamlining in the sector in a
transparent and growth oriented manner
In January
Nigeria partly removed subsides for fuel, increasing the price of petrol
by 50 percent to 97
naira ($0.60) from 67
naira which had an inflationary
impact by pushing up the cost of
transport, food and other goods.
Before the removal of subsidy in January, 2012
Samusi had on November, 2011 told renters that inflation could hit
14-15 percent up from
10.3 percent by December2011
before falling to single digit in late 2013 . Inflation impact
of the subsidy removal in January could be a “bit exaggerated” he said.
There is also
the fear that the political heavy weight
will capitalize on subsidy and cause more untold
hardship to the poor masses of the country as the
rich gets richer and the poor
getting poorer.
CONCLUSION
The removal of fuel subsidy will help in a speedy
acceleration in agriculture, education, health sector, water supply, power
sector, road and rail transportation
sector and youth empowerment programmes
will not only head to transformation of public infrastructures in Nigeria, but will also ensure the gainful employment
of millions of Nigerians who were
hitherto unemployed.
This will enhance the socio economic well being
of our dear Nigerian people.