{"id":49404,"date":"2016-05-19T23:29:08","date_gmt":"2016-05-19T22:29:08","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=49404"},"modified":"2016-05-19T23:46:51","modified_gmt":"2016-05-19T22:46:51","slug":"difference-2012-fuel-subsidy-removal-2016-fuel-price","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/difference-2012-fuel-subsidy-removal-2016-fuel-price\/","title":{"rendered":"The Difference Between 2012 Fuel Subsidy Removal And 2016 Fuel Price"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><em><strong>Regime Is About Trust<\/strong><\/em><\/p>\n<p>Since the announcement and implementation of the increase in the pump<\/p>\n<p>price of fuel from N86 and N86.50 per litre to a cap limit of N145 per<\/p>\n<p>litre respectively under the President Muhammadu Buhari led<\/p>\n<p>administration, one has read and listened to a lot of commentaries from<\/p>\n<p>various quarters either innocently, ignorantly or mischievously trying to<\/p>\n<p>equate former President Goodluck Jonathan\u2019s policy of removal of fuel<\/p>\n<p>subsidy which resulted in the increase in pump price of petrol from N65 to<\/p>\n<p>N141 per litre and President Buhari\u2019s policy of liberalizing the<\/p>\n<p>downstream sector which resulted in the increase of pump price of fuel<\/p>\n<p>from N86.50 to a cap limit of N145 per litre as one and the same.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Regrettably, some of the opponents of the new fuel price regime, instead<\/p>\n<p>of coming up with facts and statistics to buttress their position by<\/p>\n<p>educating and convincing the people against the present government policy<\/p>\n<p>in this age of intellectual discourse, have resorted to abuses, insults<\/p>\n<p>and politically partisan statements which clearly exposes their standpoint<\/p>\n<p>which is at variance with that of the majority of the people who have<\/p>\n<p>queued up behind the new fuel price regime.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Some of these persons and groups have even resorted to tactics of<\/p>\n<p>humiliating and intimidating the Nigerian people into a mindset of regret<\/p>\n<p>by their relentless assaults, attacks and abuses that Nigerians are<\/p>\n<p>hypocritical for stoutly and massively rejecting Goodluck Jonathan\u2019s<\/p>\n<p>policy in 2012, but supporting the fuel policy in 2016.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>They have uncharitably called persons and groups with whom they were<\/p>\n<p>together in the trenches against former President Goodluck Jonathan\u2019s<\/p>\n<p>policy in 2012 but who are not with them now on the opposition to the new<\/p>\n<p>policy regime due to the reality of the times or for reasons best known to<\/p>\n<p>them, all sorts of names and thereby exhibiting ignorance of the fact that<\/p>\n<p>\u201cWe can\u2019t all sleep and think in one direction\u201d because variety is the<\/p>\n<p>spice of life. Infact, it was the philosopher Heraclitus who postulated<\/p>\n<p>that \u201cYou could not step twice into the same river\u201d, meaning that no two<\/p>\n<p>situations are exactly the same. Even in families, agreements and<\/p>\n<p>disagreement occurs on issues, but the truth of the matter is that, ones<\/p>\n<p>position must be rational, logical and based on facts rather than on<\/p>\n<p>sentiments and emotions which is like a mob action mentality.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>A critical tenet of democracy as a system of government which a lot of our<\/p>\n<p>people are yet to come to grasp with is that, it recognizes that while the<\/p>\n<p>majority will have their way, the minority must have their say. So, if a<\/p>\n<p>person believes that he or she is endowed with more wisdom than even king<\/p>\n<p>Solomon in the Bible and the mass of the people put together and he<\/p>\n<p>assumes that the people have committed an error in taking a decision on an<\/p>\n<p>issue, it is the height of immaturity and lack of civility to assault and<\/p>\n<p>deride peoples sensibility because of differences on issues which is<\/p>\n<p>natural.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>However, to put the records straight, the attempt to intimidate and<\/p>\n<p>assault the peoples sensibilities by attempting to equate the 2012 fuel<\/p>\n<p>subsidy removal and 2016 fuel price regime, is obviously incorrect and far<\/p>\n<p>from the truth. Thus, there is the urgent need to place issues in proper<\/p>\n<p>perspective for the sake of discerning minds and posterity sake, lest the<\/p>\n<p>maxim of the infamous Nazi propagandist Joseph Goebbels that \u201cTell a lie,<\/p>\n<p>a thousand times and it becomes the truth, holds sway.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>For records sake, it is imperative to state clearly just as it has been<\/p>\n<p>canvassed from certain quarters in explaining the true situation of things<\/p>\n<p>vis a vis the 2012 and 2016 fuel price regimes, that the major difference<\/p>\n<p>between the former President Goodluck Jonathan and President Buhari\u2019s<\/p>\n<p>administrations was the issue of transparency, accountability, trust and<\/p>\n<p>responsibility of leadership.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>In explaining our position further, it becomes pertinent to reel out the<\/p>\n<p>facts which is incontrovertible about the fuel subsidy regimes from<\/p>\n<p>previous governments. Stated below is the amount expended on fuel subsidy<\/p>\n<p>viz a viz the national budget by the federal government for a ten year<\/p>\n<p>period of 2006 &#8211; 2016<\/p>\n<p>&nbsp;<\/p>\n<p>:<\/p>\n<p>&nbsp;<\/p>\n<p>Year.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 National Budget.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Subsidy Payments<\/p>\n<p>&nbsp;<\/p>\n<p>2006\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N1. 9 trillion.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N151. 9 billion<\/p>\n<p>&nbsp;<\/p>\n<p>2007\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N2. 3 trillion.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N188 billion<\/p>\n<p>&nbsp;<\/p>\n<p>2008\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N2. 45 trillion\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N256.3 billion<\/p>\n<p>&nbsp;<\/p>\n<p>2009\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N3. 049 trillion\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0N421. 5 billion<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"2010\">\n<li>N4. 6 trillion. N1. 3 trillion<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"2011\">\n<li>N4. 9 trillion N2. 19 trillion<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>2012\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N4. 7 trillion\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N1. 049 trillion<\/p>\n<p>&nbsp;<\/p>\n<p>2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N4. 98 trillion.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0N971 billion<\/p>\n<p>&nbsp;<\/p>\n<p>2014\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N4. 69 trillion.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N971 billion<\/p>\n<p>&nbsp;<\/p>\n<p>2015\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N4. 49 trillion\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N1 trillion +<\/p>\n<p>&nbsp;<\/p>\n<p>2016\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N6. 06 trillion.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8212;&#8212;&#8212;&#8211;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>From the above table, one can see clearly that the astronomical increase<\/p>\n<p>in subsidy payments from N421. 5 billion in 2009 to N1.3 trillion and 2.2<\/p>\n<p>trillion naira in 2010 and 2011 respectively can be noticed from 2010 when<\/p>\n<p>ex President Goodluck Jonathan assumed the reins of leadership of the<\/p>\n<p>country as acting President.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>We need to remind ourselves that in January 2012 when the federal<\/p>\n<p>government implemented the removal of fuel subsidy, we could afford it if<\/p>\n<p>was transparently managed because our major foreign earner, the crude oil<\/p>\n<p>per barrel was selling at above $110 at the international market, the<\/p>\n<p>country\u2019s foreign reserve was about $40 billion and there was low or no<\/p>\n<p>pipeline vandalism unlike now that the cost of crude oil per barrel has<\/p>\n<p>dipped between $40 &#8211; 45 or even lower, there is high scale vandalism of<\/p>\n<p>oil pipelines which has depleted our income because of a fall in<\/p>\n<p>production of crude oil, the foreign reserves was hugely depleted to the<\/p>\n<p>tune of about $27 billion by the previous government which went aborrowing<\/p>\n<p>to sustain the running cost of the federal government before exiting<\/p>\n<p>office as attested to by the then Minister of finance, Dr. Mrs. Ngozi<\/p>\n<p>Okonji Iweala.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The federal government credibility crisis with the people began when she<\/p>\n<p>announced towards the end of 2011 that she was going to remove the fuel<\/p>\n<p>subsidy allocation in the 2012 budget because it was unsustainable which<\/p>\n<p>was the truth, but was not prepared to render account of stewardship on<\/p>\n<p>the management of the fuel subsidy payments which the people viewed as a<\/p>\n<p>fraud because of the astronomical rise of the payments against logic and<\/p>\n<p>rationality.<\/p>\n<p>&nbsp;<\/p>\n<p>Unfortunately, instead of the government to hearken to the cries of the<\/p>\n<p>people for an investigation into what the people believed was a fraudulent<\/p>\n<p>subsidy regime, she played deaf and tried to sweep under the carpet the<\/p>\n<p>demand for accountability on how the fuel subsidy funds was managed and<\/p>\n<p>rather embarked on a vigorous campaign on why the fuel subsidy regime must<\/p>\n<p>be eliminated in a display of utter insensitivity.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>However, when the fuel subsidy was unilaterally removed on January 1, 2012<\/p>\n<p>by the federal government which resulted in an increase in the price of<\/p>\n<p>fuel from N65 to N141 per litre without providing answers to the peoples<\/p>\n<p>queries on accountability, the battle line was thus drawn and the mass of<\/p>\n<p>the people without prompting came to a logical conclusion that if a<\/p>\n<p>government which derives its mandate from the people is running away from<\/p>\n<p>the tenets of transparency and accountability, which is an essential<\/p>\n<p>ingredient of democracy, then such a government does not deserve to be<\/p>\n<p>trusted, which was why the people aligned forces in the occupy Nigeria<\/p>\n<p>protests all over the country. It was this deficit in credibility that<\/p>\n<p>extended thereafter and culminated in the government being voted out of<\/p>\n<p>office at the 2015 general elections.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The position of the people that the government cannot punish them for its<\/p>\n<p>incompetence and criminal complicity in the fuel subsidy fraud which she<\/p>\n<p>was not prepared to investigate and prosecute, was however reinforced by<\/p>\n<p>the outcomes of the House of Representatives investigative committee and<\/p>\n<p>the Mr. Aigboje Aig Imoukhuede committee which was set up by the federal<\/p>\n<p>government as a consequence of the fuel subsidy protests after the<\/p>\n<p>irreparable damage to its reputation for aiding and abetting corruption.<\/p>\n<p>The report of both committees indicted some persons and companies of fuel<\/p>\n<p>subsidy fraud for which they are still standing trial in courts till date.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>To correct the misinformation and blackmail of equating the 2012 fuel<\/p>\n<p>subsidy situation with the 2016 fuel price regime, we need to make it<\/p>\n<p>abundantly clear that the 2012 Occupy Nigeria Protests which witnessed<\/p>\n<p>massive turnout of people on their own volition was not a rejection of the<\/p>\n<p>removal of fuel subsidy which the people themselves believed was a fraud<\/p>\n<p>perpetrated against our commonwealth, but was a rejection of a government<\/p>\n<p>that was hands in glove with corruption in violation of the constitution<\/p>\n<p>and our values as a people of honour.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Before assuming office, President Muhammadu Buhari explicitly stated at<\/p>\n<p>campaign foras that the fuel subsidy regime is a fraud which was in tandem<\/p>\n<p>with the thinking of mass majority of Nigerians and has been validated by<\/p>\n<p>the ongoing prosecution of alledged fuel subsidy fraudsters, hence in the<\/p>\n<p>submission of the 2016 budget which was his first national budget to the<\/p>\n<p>National Assembly, there was no provision for fuel subsidy payments.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Moreover, President Buhari is widely regarded as a man of high moral<\/p>\n<p>pedestal not only with the Nigerian people but also in the international<\/p>\n<p>community because of his Spartan lifestyle which endeared him to Nigerians<\/p>\n<p>who voted him into office and are solidly behind his government on this<\/p>\n<p>new fuel policy. It is this credibility of responsible leadership that<\/p>\n<p>indisputably separates the present leadership from its predecessor and is<\/p>\n<p>the difference between 2012 and 2016 because leadership is about trust.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>On a final note, one would like to admonish the opponents of this new fuel<\/p>\n<p>policy who have resorted to abuses, insults, attacks and blackmail instead<\/p>\n<p>of putting up superior arguments, to realize that in 2016, just like in<\/p>\n<p>2012, there is divergence of opinions on the issues, but it will make<\/p>\n<p>sense if they can come up with incontrovertible reasons of why people<\/p>\n<p>should see things from their lens as against the reality on the ground,<\/p>\n<p>because a society becomes endangered when issues are not dissected<\/p>\n<p>dispassionately on its merit but on the basis of who is involved.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Thanks.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Nelson Ekujumi<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>&nbsp; Regime Is About Trust Since the announcement and implementation of the increase in the pump price of fuel from N86 and N86.50 per litre to a cap limit of&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":49405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-49404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-opinions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Difference Between 2012 Fuel Subsidy Removal And 2016 Fuel Price - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/difference-2012-fuel-subsidy-removal-2016-fuel-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Difference Between 2012 Fuel Subsidy Removal And 2016 Fuel Price - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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