One Month Discount on Petrol: From Reactive Policies to Flawed Outcomes!
The announcement by the APC led Federal Government offering a 30-day discount on price of petrol to relieve the acute hardship and hunger caused Nigerians by its unplanned removal of subsidy can only be described as another very reactive and confused approach to governance that is now the culture of the Tinubu Government.
I had delayed in reacting to the announcement just to give the benefit of doubt and watch the outcome of the policy. Now, having assessed the outcomes, the policy is a substitution of political optics for sound policy.
As Nigerians will recall, President Bola Tinubu on May 29, 2023, most carelessly removed fuel subsidy without any consultation or proper assessment of the negative impacts of such policies on our economy particularly on the livelihood of ordinary Nigerians.
Moreover, the careless removal of fuel subsidy was followed by other very badly sequenced policies such as the floating of the naira and tax reforms, all implemented in a very disorganized, incompetent and insensitive manner in addition to using three budgets at the same time with the attendant lack of transparency and accountability. Collectively, these policies stoked inflation in all sectors, pushing in most cases unbearable price hikes across board which placed severe shocks and other adverse consequences on Nigerians.
Expectedly, the outcomes are what they are- increasing multi-dimensional poverty, skyrocketing costs of goods and services, shrinking opportunities, exit of many businesses, mounting unemployment, disturbing insecurity, widening inequality, forced migration of our youths and general decline in the well-being of Nigerians.
Most unfortunately, rather than engage in detailed and published regulatory impact assessment of their reactive policies, the President Bola Tinubu’s led government has again demonstrated their well-known incompetence and insensitivity to governance.
With a detailed and published regulatory impact assessment of policies, a competent government would have pursued robust and sincere engagements and consultations with key stakeholders and ordinary Nigerians to recraft and implement inclusive and sustainable socio-economic growth strategies and policies.
What really does the President Bola Tinubu led government want to achieve with a one-month discount of less than 5% on fuel cost. Will it reduce poverty, unemployment, insecurity, and inequality? Will it increase productivity and exports? Is it a test to ascertain if subsidy should be restored? Is it another political gambit in the face of threats of electoral loss in the 2027 election? Too many questions, no answer!
IKC retweeted
Very good
Find your polling unit: search all 176,846 by name, code, or state, LGA, and ward.
See your PVC collection venue and dates, the elections you’ll vote in and their election-day dashboards, and your polling unit’s 2023 results, linked to IReV.
mundx.com/polling-units
#NigeriaDecides2027 #Mundx #Roadto2027
IKC retweeted
Wow....
This is pure Talent....
Nigeria must be OK for all our talented Youths to flourish.....✌️✌️✌️✌️
IKC retweeted
THIS IS HOW NIGERIANS MUST STOP WIKE AND INEC RIGGING 2027; 'OPERATION LAUNCH YOUR BAG'
Save this, share, and let everyone know this is the safest and cheapest way to secure your votes 🗳️
2027 is a BALLOT REVOLUTION!
IKC retweeted
48% of result sheets on the IREV portal were uploaded using devices that WEREN’T BVAS machines? 🤯
If we are serious about free, fair, and credible elections in 2027, this massive breach of protocol cannot be swept under the rug.
INEC needs to address this trust deficit NOW and lay out a 100% transparent process before the next ballot is cast.
How can we trust the outcome when half the uploads bypass the primary security check? 🇳🇬
This is where personal interest seems to override public interest but the public says no so the Nile have it.
IKC retweeted
A man that earned 700,000 Naira in 2019 earned about 23,000 dollars a year
A man earning 2m Naira in 2026 earns about $17,021. A year
So 700,000 Naira in 2019 was greater than 2million today
So when government celebrates over 3 trillion faac disbursement compare with 2019
You will see the value of 2019 faac is greater than 2026













