Let me borrow from Mr. Peter Obi who sees" Subsidy is an Organized crime” against Nigeria and Nigerians.
Subsidy was created by Obasanjo in 1971 or so to provide a succor to Nigerians as at the time of its creation ;to respond to global oil prices shock.
Many Governments attempted to remove it, including Baba Buhari who only included it in next year's budget, but President Tinubu took the bold step as a Leader. That's why I always used to say that one of the qualities of a good leader is taking the right decision even at the wrong time due to its benefits.
As a layman who does not understand much on economic indices to alternatives, the 400billion monthly Subsidy money should be Channel to either education or health.
Let me break it down; the Subsidy money should be like an intervention fund with a direct benefit to ordinary Nigerians. A kind of reminiscent of Jonathan's SURE-P and PTF of Abacha. This will be possible through creation of another separate Intervention program to be headed by a highly patriotic and committed Nigerians to supervise, manage, control and Coordinate it.
If for instance, the money is to be used to declare free primary to junior secondary school is OK. Or to pay WAEC /NECO to Nigeria Students every year.
It could also be used in building standard hospitals across states of the Federation including FCT with medical supplies every month with free medical care for the old, pregnant and kids.
Nigerians will appreciate as it will have a direct impact on the common man like you and me.
For now, we have to get used to it even though is not easy for people like me who uses V6 car (On a lighter mode).
I Wish Tinubu Administration all the best in its quest to provide good Governance to Nigerians.
Jibreel Muhammad Babangoshi
June 1st,2023
#JMB
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Opinion