OPINION BY ADEBAYO ABUBAKAR: Tinubu’s palliative package must not be deviod of transparency and accountability | TheCable
comes in the shape of institutional subsidies or palliatives. With the benefit of hindsight, subsidy, especially that of fuel, with the way it’s being handled in Nigeria, the major beneficiaries are the people who are, by virtue of their being civil or public servants, saddled with the responsibility of administering the scheme. They position themselves and their cronies to be beneficiaries, at the detriment of both the target segments of the populace, and the government of the federation.
Subsidy, especially that of petrol, is designed to relieve the poor of the burden of having to pay exorbitantly for essential goods and services, which costs are affected by the pump price that would ordinarily be beyond their means. That is if the prices were left to be determined by the market forces of demand and supply, as advocated by the neoliberal economics school of thought. But in this instance, it aggravates the socio-economic condition of the poor.
Some people said, perhaps, it could have been an e-feeding programme as no one ever saw any ministry official, or any agent of the government for that matter, distributing or delivering food under the scheme to any pupil in his neighbourhood in the states where the programme was implemented.
Under a regime of zero subsidies, the federal government is expected to save trillions of Naira per annum. This fund, the president has promised, to invest in sectors where it will have meaningful impacts on the well-being of the general populace. It is, therefore, imperative at this juncture to call on President Bola Tinubu not to allow whatever palliative measures his government has for the masses to go the way of the aforementioned programmes under his predecessors.
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