While we eagerly anticipate the coming of the Buhari administration that will hold sway for at least the next four years, I am constrained to pre-empt certain policy directions that the APC-led government will pursue. This my new-found way of thinking is my series of Buhari prophecies that I am sure a lot Nigerians do not want to hear or experience.
The first I can boldly prophecy is that under the incoming administration, there will be total removal of fuel subsidy i.e. total deregulation of the downstream sector and the pump price of PMS i.e. petrol will move to around #150/litre. How do I know this someone will begin to ask me.
First, Chief Olusegun Obasanjo, one of the prime supporters of the Buhari ambition in the twilight of his administration pursued a total deregulation of the downstream sector. This pursuit was aimed at ending the subsidy era and allowing market forces determine the pump price of petroleum products. Alhaji Atiku Abubakar in his interview with Punch Correspondents last week again re-iterated the commitment of the Obasanjo government as well as his personal belief in the total deregulation of the downstream sector. This is a major pointer to the policy direction that the Buhari government will tow.
Second, Buhari is known to be a man who does not believe in lining the pocket of a few persons with payments such as the subsidy payments. He might as such opt for total removal of subsidy to end this trend and force the market forces to determine its prices.
Third, majority of the incoming lawmakers on the platform of the APC have begun lending their voices to the total deregulation of the downstream sector. They are claiming the government will then have the chance to use subsidy savings to resuscitate the refineries. One of such persons is Hon. Mojeed Alabi who just publicly said this on his facebook page today.
I foresee a #150/litre pump price of PMS consequent upon the removal of subsidy and this might just lead us into more difficult times. However it turns out, the policy direction of the Jonathan Government would have been justified and I will then wait for the next set of lies the APC will tell to rubbish the man who only tried to take bold steps in the interest of our collective prosperity.
Namaste!
The first I can boldly prophecy is that under the incoming administration, there will be total removal of fuel subsidy i.e. total deregulation of the downstream sector and the pump price of PMS i.e. petrol will move to around #150/litre. How do I know this someone will begin to ask me.
First, Chief Olusegun Obasanjo, one of the prime supporters of the Buhari ambition in the twilight of his administration pursued a total deregulation of the downstream sector. This pursuit was aimed at ending the subsidy era and allowing market forces determine the pump price of petroleum products. Alhaji Atiku Abubakar in his interview with Punch Correspondents last week again re-iterated the commitment of the Obasanjo government as well as his personal belief in the total deregulation of the downstream sector. This is a major pointer to the policy direction that the Buhari government will tow.
Second, Buhari is known to be a man who does not believe in lining the pocket of a few persons with payments such as the subsidy payments. He might as such opt for total removal of subsidy to end this trend and force the market forces to determine its prices.
Third, majority of the incoming lawmakers on the platform of the APC have begun lending their voices to the total deregulation of the downstream sector. They are claiming the government will then have the chance to use subsidy savings to resuscitate the refineries. One of such persons is Hon. Mojeed Alabi who just publicly said this on his facebook page today.
I foresee a #150/litre pump price of PMS consequent upon the removal of subsidy and this might just lead us into more difficult times. However it turns out, the policy direction of the Jonathan Government would have been justified and I will then wait for the next set of lies the APC will tell to rubbish the man who only tried to take bold steps in the interest of our collective prosperity.
Namaste!
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