Subsidy removal: Nigerians battle tough times, device survival strategies

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Subsidy removal: Nigerians battle tough times, device survival strategies
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The removal of fuel subsidy was the last thing many Nigerians anticipated to hear during President Bola Tinubu's inaugural speech on May 29, 2023. It was

The removal of fuel subsidy was the last thing many Nigerians anticipated to hear during President Bola Tinubu’s inaugural speech on May 29, 2023. It was an unpleasant awakening.

While Nigerians are struggling to exactly understand what their economic tide will swing to, the Federal government emphasises that its present action in removing the subsidy will impact positively on the lives of the people. The resources which would have enriched a few people will be ploughed back into infrastructural projects, public healthcare, funding of the educational sector and other public services.

The country has recorded the highest inflation rates. While these harsh economic realities will, no doubt, become part of people’s lives, the key words on the lips of many Nigerians are survival and adaptation. The Edo State government last week announced the reduction of official working days for civil servants from five to three days a week.

In addition to the reduction of the official working days for civil servants, Governor AbdulRazaq has also approved the deployment of government buses to support movement of students and workers in public tertiary institutions within the Ilorin metropolis and its environs. It is the second phase of the measures being put in place by the Kwara State government to cushion the effects of high energy implications on the people.

About 10 months ago, in Borno state, a young University dropout, Mustapha Gajibo successfully manufactured electric vehicles to the admiration of former governor Zulum who donated 5 mini-buses and some financial aid to him. With this feat, Gajibo became the first to produce such vehicles in Nigeria and Africa. Leadership Newspaper reported that the young entrepreneur who started this venture in 2017 also builds tricycles and generating sets, all made locally.

In the budget, the National Assembly got an allocation of N168 billion. Available data shows that the cost of running the government will take a large chunk of the N10.4 trillion revenue of the federal government for the year 2023.

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