Sponsored
Opinion

Thread Of Deception: Nigeria’s Subsidy Burden

Sponsored
Sponsored
UMAR YAKUBU
What if we built more refineries, a vision we hold dear, to accommodate our growth, as population does appear. No longer letting our refineries decay, year after year, preserving their essence, their value held near.
What if the funds earmarked for Turn Around Maintenance were truly utilized, not lost in mismanagement’s trance, billions of dollars, a substantial inheritance, to rejuvenate our refineries, enhancing their stance.
What if we sought justice, prosecuted those to blame, the Ministry of Petroleum and NNPC staff with shame, misappropriation of funds, a grievous, wicked game, accountability prevailing, restoring honor’s flame.
What if foreign companies, involved in deceit, partaking in phony maintenance schemes, their fraud discreet, we blacklisted and prosecuted, a message complete, integrity upheld, ensuring our industry’s heartbeat.
What if we privatized, corruption out of sight, realizing control was a futile fight, Dangote and others, their expertise taking flight, a transformed sector, shining ever so bright.
What if in 2007, when the sale was done, we fully liberalized, giving competition a run, unleashing the potential, a new era begun, a vibrant market, where progress can be won.
What if we didn’t reverse, the sale once complete, the comatose refineries, their fate bittersweet, but if we had thought, before facing that feat, a comprehensive plan, a future we’d meet.
What if, after reversing, we laid out a new scheme, a strategy with purpose, a well-thought-out dream, resurrecting the refineries, as a united team, reviving our industry, like a flowing stream.
What if we had allowed the good intentions of subsidy regime, where it hovered between N351 billion ($2.66 billion) in 2005, and N416.45 billion ($2.76 billion) in 2010, our strive, for stability and growth, a precarious theme.
What if The Shoeless One had not in 2011, within one year, made the payment of N1.9 trillion ($12.18 billion), a monster, a sudden burden we faced, shedding a tear, in search of solutions, to make it all clear.
What if we had succeeded in curbing organized crime, not allowing it to reach N4.39 trillion ($9.7 billion) in time, under Mallam Yawale Dogo in 2022, a paradigm, staff of NNPC sticking to duties, not of dollars.
What if staff of PPPRA would not connive with marketers, submit false claims,diiligent officers of Customs would spot 900 trucks per day, hold their aims, vigilant policemen making confiscations, tackling economic games, and the gallant DSS officers apprehending, their dedication aflame.
What if the eagle-eyed officers of EFCC prosecuting, distorting criminal ways, the NFIU realizing its core mandate, disrupting illegal pays, the CBN applying deterrent penalties, making criminals face, Financial Institutions held accountable, no more evil strays.
What if these dreams became reality, a nation united, combating illegality, starting with inner soul searching, a petroleum sector devoid of fallacy, a prosperous future, our shared mentality.
What if we dared to envision a future anew, a synergy of efforts, bringing dreams into view, where corruption’s grip weakens, integrity in lieu, a nation rising, with opportunities to pursue.
Let us strive for these “what ifs” with ardor and might, guided by principles, ensuring what’s right, together we stand, as we work day and night, to shape a better future, where hope takes flight.
Sponsored
Alinnor Arinze

Recent Posts

Vietnam To Deepen Diplomatic, Economic, Cultural Ties with Nigeria

AFOLABI SAHEED OLAWALE The Vietnamese Government has pledged to deepen cooperation with Nigeria in agriculture,…

34 minutes ago

British Deputy High Commissioner In Abia To Deepen Digital Transformation And Economic Partnership

BAKARE AKEEM OLASUNKANMI The British Deputy High Commissioner in Lagos, Jonny Baxter, has concluded a…

49 minutes ago

How Climate Crisis, Debt Deepen Pressure On Nigerian Women, Girls — ActionAid

AKINSINDE ADEOLA OYINDAMOLA Women, girls and climate-vulnerable communities are facing growing economic and social pressures…

1 hour ago

Chimsom Chuka, Yusuf and Bells Evicted from BBNaija Season 11

Sunday night’s live eviction show wasted no time getting to the business of the night.…

3 hours ago

Two Brothers Arraigned Over Alleged N17.05m iPhone Fraud, Granted Bail In Lagos

KINSLEY EBERE The Lagos State Police Command has arraigned two brothers, Alao Kunle Emmanuel, 27,…

4 hours ago

JMG Calls For Clean Energy, Proper Waste Management As World Marks Cleanup Day

MICHAEL AKINOLA  As the world marks World Cleanup Day 2025, JMG Limited, Nigeria's leading electro-mechanical…

4 hours ago
Sponsored