Estimated reading time: 3 minutes
When it comes to one of our most basic needs as Nigerians–petrol–it is critical that we maintain a close check on what is going on so that we can demand quality supply and distribution, which will have a beneficial influence on Nigerians’ lives. Fuel subsidy has been a theme for a while now.
Unfortunately, we live in a nation where leaders have never been held accountable, despite the fact that the country’s resources may be utilised for the benefit of its residents, thus there is every cause to be worried about what happens to the commonwealth. To put it another way, public oversight is necessary to guarantee that fuel subsidies are only retained for the benefit of residents rather than as a vehicle for politicians to squander, steal, and embezzle money.
Our journal analyses critical issues
In order to address the challenges that are holding our society behind, Joadre’s FOCUS Business Journal is dedicated to exploring, analysing, and assessing crucial yet contentious themes in Nigeria, Africa, and the global globe at large. It goes without saying that public scrutiny is necessary to develop a culture of transparency and accountability in our cherished country Nigeria, our dear continent Africa, and the global community at large. We don’t form an opinion for you; rather, we assist you, our reader, in forming a sensible view through extensive study. We’re excited to share our first ever Industry Report with you! Meanwhile, ensure not to miss our digital magazine too. Focus volume 1: debacle of Fuel Subsidy in Nigeria
In this first issue of Joadre Journal, we explored the subject of fuel subsidy in Nigeria. Yeahhhh! You’ve probably heard the phrase “there’s nothing like subsidies” on the street. Every year, however, the federal government budget is prepared and presented to the National Assembly, with fuel subsidies remaining in place. Some argue that there is something resembling a subsidy. Which side of the argument do you support? Meanwhile, popular outcry erupts every time the government announces the elimination of fuel subsidies. Perhaps it isn’t the fault of the people, there has been too much gaslighting and misinformation around the matter for far too long.
Open questions pending answers!
Whatever the case may be, this edition of the FOCUS Journal will help you understand the origins of Nigeria’s fuel subsidy and why it was implemented in the first place. What is the current state of affairs? What is the point of having one? What is Nigeria losing by continuing to pay a high price for subsidised fuel? How have politicians used fuel subsidies as a weapon to further their own ambitions? You could even discover how tough it has been to eliminate fuel subsidy in the country.
Nigeria’s Federal Government is required under Article 2 Section 16 of the Nigerian constitution to exercise its jurisdiction over the territory “in such a manner as to safeguard the security and welfare of all citizens in Nigeria.” How is Nigeria ensuring the security and wellbeing of the governed, through subsidy? Is Nigeria, in particular, the only country that provides such fuel subsidy? Get your hands on a copy of Joadre Journal right away to learn more!
Thank you for reading to the end.