tag:blogger.com,1999:blog-4991118039036913429.post4813502785267666269..comments2023-09-16T04:57:01.029-07:00Comments on Ojogbon Globalization: Nigeria and the petrol subsidy wahala--responses to the SURE-PMojubaoluhttp://www.blogger.com/profile/17548652351407566962noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-4991118039036913429.post-34032474176916745772022-01-11T14:22:25.679-08:002022-01-11T14:22:25.679-08:00Dear Sir/Ma,
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ICK FINANCES GROUP LOANS COMPANY Mr.Pual WilsonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-29848571717517599832013-04-30T10:35:59.671-07:002013-04-30T10:35:59.671-07:00We should not be concerning ourselves about what t...We should not be concerning ourselves about what type of generator to buy. <br />What we should concern ourselves with is why we cannot generate enough power in our country to merit purchasing the generators in the first instance. <br />I am sure that there are thousands of Nigerians who, if given the chance, can show us how to generate and distribute enough electric power for the whole country and even create surpluses. <br />However, this will not be possible in the climate of unbridled corruption that pervades the country. It is this corruption that we in forums like this one should be addressing.Oladapo Odumosuhttps://www.blogger.com/profile/09519194100893592253noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-6412391209245686222012-01-22T18:21:08.968-08:002012-01-22T18:21:08.968-08:00Mr. Wolof:
Yes, I agree totally that we should all...Mr. Wolof:<br />Yes, I agree totally that we should all gird our loins. The question is: where do we start from? Can you justify why ANY Nigerian public servant, including the president should earn more than the equivalent of $200,000 a year? From the tone of your posts, it is clear that your answer will be NO. However, I am sure you know that the senators earn about $1.7 million a year while the members of the House of Representatives earn $1.4million a year. We do not even know how much the president and vice-president earn. He, the president, has refused to declare his assets, against the dictates of the Nigerian Constitution.<br />It is unconscionable to start the belt-tightening with the poor masses.<br />Lest I forget, I will like to remind you that the so-called fuel subsidy (if at all there is any), is the only relief that Nigerians get from their country. In the US, the clean air we breathe is a form of subsidy. The good roads, security of life etc. No American citizen dies of any acute emergency illness, because the emergency rooms are mandated to treat even the poorest person with any real emergency WITHOUT asking for payment before service. This is in the bastion of capitalism in the whole world. This does not happen in Nigeria. If you do not pay, you can go and die. I know this because I have practised medicine in both Nigeria and the United States.<br />Please do not let us leave the leprosy and try to treat the ringworm. We need to clean the proverbial 'augean stables'. <br />Nigerians are very good at reaching out to good leadership. Remember what happened with Murtala Muhammed and the brief Buhari rule. Remember how the Yorubas still hold Awolowo in high esteem, twenty-five years after his death?<br />Jonathan has shown that he is not capable of providing true leadership. Even without Boko Haram, he is clueless, inept, and very corrupt. If he is not, let him declare his assets for a start.Oladapo Odumosuhttps://www.blogger.com/profile/09519194100893592253noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-7964379767303742962012-01-22T12:48:37.805-08:002012-01-22T12:48:37.805-08:00Dapo,
my point is that we look on this past as a ...Dapo,<br /><br />my point is that we look on this past as a period of the good life which the IMP came to spoil. Younger people have heard about how good life was then, so they resist any "adjustment" e.g. paying school fees and fuel fuel price as an imposition of hardship. You don't have to be an elite to enjoy when the government is spending irresponsibly-everybody was eating Horlicks, Chocolates, wearing all sorts of lace/wonyosi etc before the party stopped. Real sustainable development is about girding your loins, using resources prudently, taxes people and spending wisely, selecting the weakest and poorest and having targeted spending that gives them a real chance in life-not frittering resources on millions and millions of people.Wolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-60213051693409886852012-01-22T12:42:01.386-08:002012-01-22T12:42:01.386-08:00Mr. Wolof: What really are you saying. What releva...Mr. Wolof: What really are you saying. What relevance to what is happening now? Are the elites solely responsible for the level of corruption in Nigeria today?<br />Many of us who qualify tio be called elites refuse to be included among those who brought Nigeria to her knees. That is why we are trying to save the country. Please refer to facebook at "Take Nigeria back (from the locusts and termites)Oladapo Odumosuhttps://www.blogger.com/profile/09519194100893592253noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-81442413368571372522012-01-22T12:25:13.722-08:002012-01-22T12:25:13.722-08:00Dapo,
I hate corruption and waste as much as you ...Dapo,<br /><br />I hate corruption and waste as much as you do. I worked with the Government as a consultant for one year and Allah be praised, half a penny of Nigerian money didn't enter my pocket as bribe or over invoicing or through any corrupt means.If you really know our civil servants and politicians, you will never want them to administer any subsidy again. Did you hear how they manage the NNPC during the House of Rep hearing? Subsidy involves under the table dealings,govt people paying for things you use on your behalf- we are too corrupt in Nigeria for this. Bring things into the open like telecoms, you pay for what you use, if the company mismanages the money it collapses. That's what can work in Nigeria! Reality of our life. not abstract ideologyWolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-81540640607857969192012-01-22T12:18:13.096-08:002012-01-22T12:18:13.096-08:00I remember an interview with the writer Femi Osofi...I remember an interview with the writer Femi Osofisan-he said many of his former classmates boasts when he meets them at parties that they have never read a book since they left the uni. In the T Kelani film "Oleku", set in 1960s Uni of Ibadan, new graduates sing "Henceforth, we shall never "count" books again, we shall be counting money" to count and to study in Yoruba have same word "ka". In the 1980s when graduates couldn't get jobs, people often complained about IMF-instigate embargo on jobs, lamenting 60s and 70s when new graduates bought Peugeot cars after 3 months of working. People ate whole chickens and had beds made for them in unis. Till the mid 80s, you could walk into a store in Ibadan and buy biscuits, comics, shoes, albums etc 7 days old from English or American factories. Etc Etc. in 70s/early 80s, people laughed at you if you didn't cook Uncle Bens in your party-u were either too poor or from up country. What's my point? African governments were buying off "intellectuals" and/or city dwellers with luxuries and lifestyles that the economy could not sustain. (I lived in the Uk for 5 years, I never saw anybody buy/cook Uncle Bens rice-too expensive!). A major instrument of facilitating this imported sweet life was very high foreign exchange rate - naira was worth more than the dollar until SAP. African intellectuals hate SAP and curse the IMF and World Bank-they are too used to this something for nothing life!Wolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-24968968057854931242012-01-22T07:20:07.769-08:002012-01-22T07:20:07.769-08:00There is a Yoruba saying that says " even a d...There is a Yoruba saying that says " even a dead body will find company on the way to the grave".<br />It should not come as a surprise that this government, as corrupt and inept as it is, still finds people like Wolof supporting it.<br />Long live corruption.<br />Long live ineptitude.<br />Long live bad governance.<br />Long live the Federal Republic of Nigeria.Oladapo Odumosuhttps://www.blogger.com/profile/09519194100893592253noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-65518341669127240132012-01-22T07:14:00.295-08:002012-01-22T07:14:00.295-08:00The fuel subsidy removal issue shows that having g...The fuel subsidy removal issue shows that having good degrees from prestigious universities/business schools do not necessarily translate to good governance and leadership, GEJ, Okonjo-Iweala, Sanusi Lamido, Olusegun Aganga, Diezani and Adoke just proved that to us. They all turned a blind eye to the real issues of CORRUPTION, INEFFICIENCY, LACK OF ACCOUNTABILITY, TRANSPARENCY, WASTAGE and HIGH-HANDEDNESS of govt officials (both elected and non-elected) AND TRUST in all tiers of govt which affect every area of our lives as a nation e.g. security, power, water, oil, transport, health, education etc and focused only on getting more money (via subsidy removal) to perpetuate their greed and dastard deeds at the expense of the welfare of the citizens.<br /><br />Admitting there is a cabal which they are powerless to prosecute and bring to justice simply means they have no moral right to remove subsidy, they will simply be giving the cabal more money on a platter of gold. It's a big leadership failure and Nigerians are no longer ready to accept lame excuses and promises.<br /><br />Prof Chinua Achebe and a host of learned Nigerians have said it all. GEJ please listen and act on the advice of the wise ones.VoiceofTruthhttps://www.blogger.com/profile/02174133516958100644noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-10752510036326543412012-01-22T05:55:50.730-08:002012-01-22T05:55:50.730-08:00Lord have mercy!
What does it matter if people hav...Lord have mercy!<br />What does it matter if people have 2-3 cars? Would they be riding more than one car at a time? <br />How will a bus use 3 liters and a car will use 2-4?<br /><br />What do you consider a benefit if the objective of those riding on buses and cars is to get to their destinations<br />? Would riding the car put some "subsidy" change in their pockets? It actually cost more to drive? Where is the benefit? Voodoo economics I guess!<br /><br />Whose responsibility it is to provide a dignifying mode of transportation? Why begrudge those who will probably not drive like me if they have alternatives?<br />Which one should come first, provision of alternatives or pricing the only viable means out of reach?<br />I can only hope that it is not people like you that are advising this man.Ayo Turton Esq.https://www.blogger.com/profile/00776493637851785890noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-9851160800550436312012-01-22T04:55:07.396-08:002012-01-22T04:55:07.396-08:00Egoigwe,
thanks. I agree with you 100 %. The prob...Egoigwe,<br /><br />thanks. I agree with you 100 %. The problem with the Nigerian commentariat is their befuddled thinking. We just lost a huge opportunity to roll back big wasteful corrupt government in Nigeria.Saying there was no subsidy or denying that it benefitted people living in a few cities, including people who have 3-4 cars, is economic illiteracy or dishonesty. 30 People in a bus to Victoria Island= 3 litres of fuel. 1 Person in a car to Victoria Island=2.4 litres of fuel. How can you tell me that people in cars and buses are benefiting from fuel subsidy equally? What you want is a developed transport system that is comfortable enough for thousands of people riding in rickety cars and using fuel that could be sold abroad for money to spend on hospitals and schools to start riding in buses.That is the economic case-you must first get it right then we focus energy on forcing the thieving govt felons to cut their costs rather than waste time on illiterate economic arguments. Even Abacha stored away petrol subsidy savings and used it for stuff people saw-we can do much better under an imperfect democracy-if we think straight and fine tune our strategies.Wolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-33265579165393479272012-01-22T04:33:41.847-08:002012-01-22T04:33:41.847-08:00@Wolof:
Perhaps you may want to consider what beco...@Wolof:<br />Perhaps you may want to consider what becomes of additional revenue, if we can call it that, in a country that continues to foam from the mouth because of corruption. The issue is not removal of subsidy but what becomes of the funds accruing therefrom.<br /><br />Is it just enough to believe govt, a very corrupt one for that matter, when it says "Don't worry, just trust us, everything will be ok once subsidy is removed." I think not! The question, really, is what has changed to stop funds accruing therefrom from being embezzled.<br /><br />Look at the size of govt for the love of goodness. Look at the National Assembly salaries and allowances. Why does one need a Min. of Transport and another for Aviation? Whats with a Min. for Niger Delta and then NDDC? The list of duplications are endless (creating theft zones for the boys). As there are duplications so too the multiplier effect on corruption.<br /><br />All we are saying is put an effective system in place first, that guarantees efficient application of funds for the benefit of our people, before placing painful sacrifices our way. We have heard all these pretty promises before and today we are fed up and twice shy.Anonymoushttps://www.blogger.com/profile/04347460800789343184noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-76205612475349482782012-01-22T04:23:54.899-08:002012-01-22T04:23:54.899-08:00Chief/Alhaji/Dr/Otunba Wolof,
Sorry I have use tho...Chief/Alhaji/Dr/Otunba Wolof,<br />Sorry I have use those titles (whichever is applicable) because I do not want you to be mad at me for not properly addressing you with this your elitist submission.<br /><br />Really? Nigeria subsidized our cities? Which one of the "subsidized" cities do you live in so I can join you there....as long as there is 24 hours light, so I wouldnt have to generate my own light, there is pipe-borne water, I hope "poor" water is not king in your "subsidized" city, there is security, I wouldn't have to live in a medieval-like walled home we call fences, I hope the "subsidized' cities have what non-subsidized people but civilized people call motorable roads?<br /><br />God bless the subsidized people of Wolof Fantasy Island.Ayo Turton Esq.https://www.blogger.com/profile/00776493637851785890noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-10543658124354625202012-01-22T02:46:30.799-08:002012-01-22T02:46:30.799-08:00Prof,
Part of the reason why people like you have...Prof,<br /><br />Part of the reason why people like you have left to teach abroad is that Nigeria runs economic policies based on the principle of "awuf". If the Government had since 1960 calculated how much it costs to train students and made serious efforts to recover the money through fees, Professors would be paid livable wages and have facilities for research. We wouldn't have thousands of Nigerian youth going to study religious knowledge in Universities ( Asians have a much more lower humanities to sciences ratio). You may call this "neo-liberal" world view. But Nigeria is what it is today-a poor and deeply corrupt country, because of a world view that justifies providing free or subsidized services to the few people who live in our few cities-that is why the farmers in the villages stopped planting cocoa and palm oil and sent their children to the city. Prof Collier is right-Nigerians, including our diaspora Profs, don't know any economics! We have suffered a "double jeopardy"-corruption and insane economic policies that equally corrupt countries such as Indonesia have avoided. The reaction to the subsidy removal is eloquent testimony to the salutary political economic effect of withdrawing subsidies and letting people pay for what they enjoy- citizens become very interested in how their resources are being used. warm regardsWolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-75076599288087661722012-01-22T02:42:49.744-08:002012-01-22T02:42:49.744-08:00Prof,
Part of the reason why people like you have...Prof,<br /><br />Part of the reason why people like you have left to teach abroad is that Nigeria runs economic policies based on the principle of "awuf". If the Government had since 1960 calculated how much it costs to train students and made serious efforts to recover the money through fees, Professors would be paid livable wages and have facilities for research. We wouldn't have thousands of Nigerian youth going to study religious knowledge in Universities ( Asians have a much more lower humanities to sciences). You may call this "neo-liberal" world view. But Nigeria is what it is today-a poor and deeply corrupt country, because of a world view that justifies providing free or subsidized services to the few people who live in our few cities-that is why the farmers in the villages stopped planting cocoa and palm oil and sent their children to the city.Prof Collier is right-Nigerians, including our diaspora Profs, don't know any economics! We have suffered a "double jeopardy"-corruption and insane economic policies that equally corrupt countries such as Indonesia have avoided. warm regardsWolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-62907757433247577822012-01-22T02:40:36.954-08:002012-01-22T02:40:36.954-08:00This comment has been removed by the author.Wolofhttps://www.blogger.com/profile/06458587676742138876noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-47687195800691844382012-01-20T18:51:44.152-08:002012-01-20T18:51:44.152-08:00I luckily bumped into this site, and I was so glad...I luckily bumped into this site, and I was so glad to do so. <br />One thing is clear: the choice is either Nigeria splits into several pieces very soon, or a revolution will take place that will keep the country united. <br />We have a president that is inept, ineffective, corrupt and totally clueless. <br />We have a legislature that is the most corrupt in the world, each member earning at least $1.4 million dollars a year. <br />We have a judiciary that is filled with political appointees who deliver judgements at night in political offices. <br />We have a citizenry that is so emasculated that they have decided to wait for their proverbial reward in heaven and continue to shuffer and shmile on earth, apologies to Fela Anikulapo-Kuti.<br />Let things continue this way. Hooke's Law will always come to play. For Nigeria, the elastic limit seems to be infinite, but the breaking point is inexorable, inevitable and unstoppable.<br /><br />Oladapo Odumosu, M.D.<br />Avondale, AZ USAOladapo Odumosuhttps://www.blogger.com/profile/09519194100893592253noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-60163158172622445642012-01-20T14:23:46.108-08:002012-01-20T14:23:46.108-08:00I have thoroughly enjoyed reading all comments. Wh...I have thoroughly enjoyed reading all comments. What baffles me the most is government actions pre-removal of fuel subsidies. If I hadn't been following all year, it would have looked to me that they most have woken up on Jan 1 to announce a new year gift.<br />Nothing at all was put in place to cushion the effect of the removal. Talks on fuel subsidy had been going on for ages and government officials did not deem fit to at least do something about the comfort of Nigerians before the removal of the subsidy? Nigerians cannot even boast of having electricity supply 40percent in a day. Did <br />government officials not even think that before removing subsidy they should have done something to reduce daily <br />fuel consumption... If they were serious about looking to <br />boost some form of confidence in Nigerians, fuel subsidy should not have been removed without provision of <br />constant electricity at the minimum.<br />My stand remains the same as all previously expressed fuel subsidy is NOT the issue. If government officials did <br />not put an adequate plan in place before the removal of <br />fuel subsidy to cushion it's effects, I doubt they have <br />concrete plans for the anticipated savings as they have removed the so-called subsidy.<br />I have great respect for Hon. Minister Okonjo-iweala but <br />was deeply troubled upon listening to one of her speeches <br />on what will be done with the savings from removal. All I <br />heard was 'we shall, we will'... Nothing like we had thought about effects on Nigerians and that is why 'XYZ' is up and running etc. Even the provision of buses by Mr. <br />President was announced after the removal of subsidy. <br />Nigerians need to see some form of commitment from the <br />government - provision of at least stable electricity and 50 percent cut in packages of government officials - and not how the savings will be used (we have heard that story before).<br />Until that happens our government remains the most wasteful without foresight and compassion for the very <br />people they have been called to serve.tifa705678https://www.blogger.com/profile/17773225987762660538noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-45227601816611262072012-01-20T11:29:06.329-08:002012-01-20T11:29:06.329-08:00Dear Prof.,
I hope this finds you well. Having re...Dear Prof.,<br /><br />I hope this finds you well. Having read your thoughts and reflected on same, I would be failing somewhat in my love for country by not calling to your attention some obvious facts that have laid our country comatose for so long.<br /><br />We cannot pretend that the crippling economic situation we live with today are merely the natural outgrowths from corruption and bad leadership. Yes, they do play a part but only as much as they serve to perpetuate those conditions foisted on us by Western governments and global financial institutions. I must add too, that these conditions have directly led to corruption and bad leadership.<br /><br />Weak governments i.e. so-called 3rd world governments, are blackmailed, bullied or coerced into legitimizing bad loans which are built up to Shylock levels and technically impossible to repay. Some of the tactics employed are to look the other way at a people's yearning for better life and encourage corruption and the oppression of a people once whatever rogue regime plays ball. When they do not, they are clobbered across the head with allegations of corruption in their main stream media or better still, demonized and hauled before the ICC for butchering their people. No mention will ever be made about who supplied the instruments of coercion and oppression.<br /><br />If we are serious about our continuing state of affairs, we must start by examining how we got to this sorry pass in the first place. We must ask why the IMF and World bank dish out loans to military regimes, pariah entities and usurpers, knowing fully well that the dissemination of such funds facilitate the longevity of such rogue regimes and the impoverishment of a people. We must ask why we continue to service the excesses of a Babangida or Abacha regime whereas the IMF and World bank (through their hand-outs) afforded them the means and staying power to oppress and impoverish my people.<br /><br />Fuel 'subsidy' removal are preconditions for continuing business with these global financial institutions. It is not about the betterment of our people and has never been. Another conditionality bestowed upon us by the tireless efforts of ex-Goldman Sachs' Hedge Fund Manager in London, Olusegun Aganga, and then Finance minister was the creation of a Sovereign Wealth Fund which made clear that proceeds from 'subsidy' removal and elsewhere must be placed with it and invested in Western markets. So, what is this tittle-tattle about Subsidy Reinvestment and Empowerment Program (SURE) all about when by the dictates of the IMF, funds accruing from it are to be placed elsewhere.<br /><br />Ngozi Okonjo-Iweala is on industrial attachment from the IMF to free up funds for her benefactors. Do not be deceived. This is not the time to be nice, lives and livelihoods are at stake. Most of the debts crippling Nigeria today are Obj (post 1975)/Buhari/IBB/Abacha/Abdulsalami fixtures. Rogue regimes that held a gun to our collective head which these same global financial institutions sustained in power by their generous hand-outs ledgered as loans.<br /><br />Why is Ngozi not fighting our case with them to this effect? Why is she not pursing computations of all payments made to these rogue regimes with a view to demanding a refund of all sums paid in error by our legitimate governments to these banks?<br /><br />She ought to know to assert that these loans are bad loans dished out to illegitimate rogue regimes without the people's consent or benefit. It's simple; you cannot make me pay for what I did not take or use. I will urge you to read the following link, it portrays the gimmickry of Western powers and their International bankers.<br />http://thewestandothers.blogspot.com/2012/01/i.html<br /> God's Speed and Love, always.<br /><br />Ego.Anonymoushttps://www.blogger.com/profile/04347460800789343184noreply@blogger.comtag:blogger.com,1999:blog-4991118039036913429.post-86520123939928692852012-01-20T10:10:04.649-08:002012-01-20T10:10:04.649-08:00Much have already been said by these great Nigeria...Much have already been said by these great Nigerian intellectuals. But the question I would like to ask Dr. Ngozi Okonjo-Iwealla is this:<br /><br />On her first trip as the Minister of Finance under Obasanjo, the same reason she gave for us giving away $18 billion to the Paris Club that we could not really afford was that we have been paying too much in interest charges, that we could begin to save this money spent on interests to build our infrastructure and provide better standard of living for our people.<br /><br />Well, this is about 6 years after, I will want her to show me where the infrastructure is and how much the life of an ordinary Nigerian has improved since then. <br /><br />Instead we have depleted our foreign reserves, we have incurred more debts to the tune of about $35 billion, we have cleaned out our Stabilization Fund and have emptied the Excess Crude Oil Account!<br /><br />How can we trust her now that she has come to us with the same mantra on the phantom fuel "subsidy"?<br /><br />Ayo Turton Esq.<br />USA.Ayo Turton Esq.https://www.blogger.com/profile/00776493637851785890noreply@blogger.com