NewStats: 3,259,782 , 8,170,901 topics. Date: Monday, 26 May 2025 at 01:07 AM 25225o

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By Farooq A. Kperogi

It’s either President Bola Ahmed Tinubu and his inner circle didn’t read my April 29 column titled “Six Agenda Items for Tinubu’s Success” or they did but dismissed it as the impractical, high-flown, indulgent musings of an idealistic diasporan Nigerian. The fifth item on my list concerned petrol price hikes amid the current agonizingly biting poverty in the land.
But what’s wrong with “subsidy”? At its root, subsidy, derived from Anglo-Norman French subsidie (ultimately from Latin subsidium), means “assistance.” In modern usage, it means “a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.” According to Investopia.com, “subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public.” What’s wrong with that?

Up until Muhammadu Buhari came to power, “subsidy” used to be a positive word in Nigeria. In fact, during the 2012 mass revolt against petrol price increase, a protester in Kano inscribed these pithy, profound words on the back of his shirt: “Subsidy is my soul.”

Of course, subsidies are the soul of poor, struggling people, not just in Nigeria but all over the world. Every government in the world, especially in the West, subsidizes basic goods, including petrol and agricultural products.

One of the sneaky ways Nigerian political elites hoodwink people into thinking that subsidies are bad for them is to associate subsidies with corruption. But that’s a false association. There is nothing in subsidies in and of themselves that makes them corrupt. Corruption is incidental to subsidies and can be eliminated if there’s a will to do so.

Jettisoning subsidies because it is riddled with corruption is similar to the proverbial throwing the baby out with the bathwater. Any government that can’t eliminate corruption and ensure that people who need subsidies get them has no reason to exist. But, apparently, many Nigerians think otherwise. So, let’s see how, to quote J.M Keynes, “the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.”

Source: https://www.farooqkperogi.com/2023/06/president-tinubu-and-dangers-of-subsidy.html?m=1

By Farooq A. Kperogi

It’s either President Bola Ahmed Tinubu and his inner circle didn’t read my April 29 column titled “Six Agenda Items for Tinubu’s Success” or they did but dismissed it as the impractical, high-flown, indulgent musings of an idealistic diasporan Nigerian. The fifth item on my list concerned petrol price hikes amid the current agonizingly biting poverty in the land.
bathwater. Any government that can’t eliminate corruption and ensure that people who need subsidies get them has no reason to exist. But, apparently, many Nigerians think otherwise. So, let’s see how, to quote J.M Keynes, “the nastiest motives of the nastiest men somehow or other work for the best results in the best of all possible worlds.”

Source: https://www.farooqkperogi.com/2023/06/president-tinubu-and-dangers-of-subsidy.html?m=1

ZeroAccess:


Atiku scored 25% in just one state in the core north.
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This is a disobidient lie. Mention any one state in the core north that Atiku did not score up to 25% in 2019.

This president is so annoyingly lazy and incompetent that he has to be forcefully removed from office for Nigeria to be able to breathe again. Every single day he remains in office you can be sure the worst is yet to come.
How I wish Nigerians are that united to give this coward the Sri Lankan treatment. He needs to be chased away like a stray cow.

As if victims are happy paying ransom money.

Worst leader in the whole world.

Which of the cats? Pussycat or tiger? I can change into a tiger but that N2.5 m is too small for it.

Good

Yes, her hard work is rewarded and she deserves it, Buhari is a catastrophic failure that should never have been rewarded with a second term. The disaster is now staring at us in the face.

You cannot sit down in Lagos and decide how things are done in APC ....... Buhari to Tinubu.

And soldiers are busy killing innocent civilians in the south east! What a shameless country we live in

Rubber stamp Senate president just waking up. Your president will keep theTwitter ban because it doesn't affect cows. Buhari practices Cowocracy.

The bandit presido

Malami is a complete disgrace to lawyers.

The world most incompetent president is just back from to meet the mess he left behind.

Mad man, you are the real bandit we all know.

Nigeria is a fraudulent joke masquerading as a country.

Incredible

While Gandollar and Mr Tinubullion bin Jagabullion are catching fun upanda.

Jibrin that is deaf to the neck?

Fahdiga:
Fake news to make them look like ESN

ESN that is fictitious and do not even have any operational vehicle and are hiding from government forces?

Too late, congratulations rejected! APC is synonymous with evil and bad luck. Obaseki has learnt his lessons and will never be fooled again by APC. Ize Iyamu is just learning his own now after the catastrophic humiliation.
APC is sponsored by the devil himself to destroy Nigeria.

Lagos no be Lagos loading....

APC is a primitive stone age party led by a .....

This so-called Independent newspaper has now become the mouthpiece of APC propaganda in Edo State. The seats of about 14 of these clowns parading themselves as lawmakers have been declared vacant and they are still challenging it in court, so for the same thugs to fabricate their own mace and then swear themselves in inside somebody's sitting room tells you the kind of desperation that Oshiomhole is exhibiting in Edo state.
He was the same person who organized DSS to invade the National Assembly in a failed attempt to remove Bukola Saraki as Senate President.
The disgraced former APC chairman who was sacked unceremoniously is bent on stagging a political comeback by once again engaging in thuggery.
Despite the apparent endorsement by this newspaper, all their attempts at illegality have already failed because Edo people have rejected godfatherism.

Good

What a bountiful harvest for the PDP! A basket full of "next level" positions.

Some PDP will break their fast in jubilation, it an uncommon harvest.

Bountiful harvest for the PDP.

Too late, you are going back to Daura!

Chai! there is God o.