OPINION BY HENRY ANIBE AGBONIKA: Leadership that matters for Nigeria (1) | TheCable
challenges and the courage to make difficult decisions that propel their nations toward progress. President Bola Ahmed Tinubu of Nigeria is a leader whose visionary thinking and transformative decision-making have left an indelible mark on the nation’s economic landscape, barely weeks into his administration.
Furthermore, this all-important decision stemmed from a deep understanding of the inherent flaws within the subsidy system. While the subsidies initially aimed to mitigate the impact of rising global oil prices on Nigerian citizens, they have become increasingly inequitable over time. The subsidies have disproportionately benefited the affluent while failing to address the pressing needs of the less privileged segments of society.
Additionally, the president’s words showcase his courage and willingness to challenge the status quo. By questioning the notion of being a perpetual “Father Christmas” to neighbouring countries, he challenges conventional practices and highlights the need for a more strategic and sustainable approach to resource allocation.His inclusive leadership style is seen as he seeks to engage stakeholders and build consensus on the issue of fuel smuggling.
The decision to remove fuel subsidies was challenging, as the president knew it was tantamount to confronting deep-rooted interests and resistance from various stakeholders. The subsidy regime had become entrenched over decades, with powerful vested interests benefiting from its continuation. However, he understood that maintaining the status quo would only perpetuate inequity, unsustainability and hinder Nigeria’s long-term economic growth.
Understanding the potential impact of the subsidy removal, he actively sought input from the organised labour union, esteemed traditional rulers, senior lawyers, and other vital stakeholders. The engagement with organised labour unions allowed the president to understand the concerns, perspectives and interests of the workforce. By actively seeking their input, he was willing to listen and address their concerns, fostering a spirit of cooperation and shared responsibility.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
52 years after, Nigeria heads ILO governing board | The Guardian Nigeria News - Nigeria and World NewsNigeria has been elected Chair of the International Labour Organisation (ILO), 52 years after it first occupied the position in 1972.
Read more »
Obasanjo keeps mum on Tinubu’s presidency, insists Peter Obi best for Nigeria | TheCableFormer President Olusegun Obasanjo says Peter Obi is still ideal for a better Nigeria.
Read more »
China, Korea shine as Nigeria fumbles at 2023 WTT Contender in Lagos | TheCableChina's Zhou Qihao has defeated Dimitrij Ovtcharov of Germany to win the men's singles title at the 2023 World Table Tennis (WTT) Contender Lagos
Read more »
The unique beauty of Nigeria’s democracy | TheCableBY WEALTH DICKSON OMINABO Twenty-four years into the Fourth Republic, democracy has become a prevalent term in Nigeria’s socio-political discourse. It encompasses multiple meanings, interpretations, and diverse understandings, shaped by
Read more »
The end of petroleum subsidies in Nigeria: A call for energy efficiency | TheCableIn the annals of history, few periods have witnessed such transformative upheaval as the global oil crisis of the 1970s. With oil prices skyrocketing by a staggering 350 per cent,
Read more »
Jonathan: In 2006, late Kaunda prophesied I'd be Nigeria's president | TheCableFormer President Goodluck Jonathan has revealed how late Kenneth Kaunda in 2006 prophesied his emergence as Nigeria president.
Read more »