Saturday, May 23, 2015
The problem of fuel price hike that has enveloped the country for almost a month is a reflection of the level of corruption in government and the oil sector. The hike has had serious adverse effect on the economy of every household in the country.
It has become a recurrent strategy by governments - past and present - to enter into agreements with workers unions, only to later disregard the agreements.
The Major Oil Marketers Association of Nigeria (MOMAN) and the Depot & Petroleum Products Marketers Association (DAPPMA) (a subsidiary of NUPENG), like other workers unions in the country often hold the federal government at ransom on the ground of government’s insincerity - especially when a change of power is imminent.
While it is true that business owners and citizens in general often exploit loop holes to rob the government, and in effect, Nigerians, the government has the ultimate responsible to instill the culture of credibility and honesty for the economy to thrive.
A major failure of the outgoing president is perhaps not of greediness, but that of his lack of will-power to face corruption heads on. It does not matter if a leader has good intentions - like it is believed of President Yar’Adua - but an attempt to realize such good intentions in a corrupt system will only result in efforts in futility.
…President Muhammadu Buhari in his two years of leading the country has, without doubt, set a standard of integrity and discipline in governance. In his January 2016 meeting with the members of MOMAN and DAPPMA, he affirmed that the government, though still responsible for subsidy payment, will not bear losses resulting from fluctuations in exchange rate. He said, “Every business has its risks. We cannot be helping you to carry your business risks as if you were our benefactors. You saw a business opportunity in oil and gas and decided to key into it. You must be ready to also bear the risks involved - the same way you make extra gains when the rates are favourable.”
Nigeria Tomorrow News gathered that some members of Major Oil Marketers Association of Nigeria tried to use their political networks to pressure the president into paying the extra N120B subsidy claim, but to no avail. It was discovered that the move was what led to the arrest and prosecution of the president’s political benefactor and former friend, Bola Tinubu, after the latter resorted to blackmail, following his failed attempts to convince Buhari to rescind his position on the N120B subsidy claim.
The body language of Buhari is perhaps as potent as the very actions against corruption. Corrupt officers and citizens are rapidly having auto-reengineered attitudes toward corruption and civic responsibilities.
Tuesday, May 23, 2017
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