In a recent interview on Channels Television’s Hard Copy, the Chief Executive Officer of Connected Development (CODE), Mallam Hamzat Lawal, expressed concerns about Nigeria’s petrol subsidy regime, stating that it primarily benefits the wealthy while burdening the poor. CODE is a civic organization that focuses on promoting transparency and accountability in Nigeria’s governance.
Mallam Lawal strongly criticized the Nigerian government’s continued fuel subsidy payments, deeming them unacceptable. He argued that the subsidy system ends up subsidizing the rich rather than assisting the impoverished, who bear the true brunt of the country’s economic challenges. He further revealed that Nigeria expends over N50 billion daily on subsidizing wealthy individuals who can comfortably afford fuel prices.
Mallam Lawal’s comments were prompted by the Buhari-led administration’s plan to secure a World Bank loan, intending to distribute funds to approximately 50 million vulnerable Nigerians or 10 million households as part of fuel subsidy palliative measures. This decision sparked nationwide outrage, with many questioning the timing of such a move just weeks before the government’s tenure ends.
To address the concerns surrounding the loan, Mallam Lawal called on the National Assembly to organize a public hearing. Such an initiative would provide an opportunity for stakeholders to engage in discussions and ensure that all relevant issues are properly addressed. He emphasized the importance of transparency in the process and urged the government to utilize the Open Government Partnership platform to achieve this objective.
The Open Government Partnership is an international initiative that fosters collaboration between civil society organizations, media, and governments to enhance transparency, accountability, and public participation. Mallam Lawal emphasized that the government should embrace this platform, encouraging open dialogue to establish a timeline and mutually agreed-upon solutions. He stressed that managing public funds should not be seen as a complicated matter but rather as a responsibility built on public trust.
As Nigeria grapples with the challenge of wealth disparity and a struggling economy, Mallam Lawal’s remarks shed light on the pressing need to reevaluate the petrol subsidy regime. It is crucial for the government to prioritize the interests of the poor and develop strategies that truly alleviate their hardships. Embracing transparency, engaging with stakeholders, and ensuring accountability are pivotal steps towards achieving a fairer and more equitable society for all Nigerians.
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