A Lecturer in the Department of Political Science, Kaduna State University (KASU), Aliyu Yero, has advocated immediate interventions to end the hardship Nigerians are facing occasioned by the fuel subsidy removal.
He made the call Monday in an interview with the News Agency of Nigeria (NAN) on President Bola Ahmed Tinubu’s proposed palliatives aimed at easing the suffering of the citizens due to subsidy removal.
Yero lamented the sudden hike in petrol and food commodity prices following the subsidy removal announced by the President during his inaugural address.
“Unfortunately; we hardly seen this kind of immediate government intervention in terms of palliatives for the citizens to cushion its effect.
“Nigerians should see immediate implementation of good policies, especially on increased wages and transportation for government workers to go to work at a subsidised rate,” he said.
The don said that though subsidy removal was inevitable, drastic measures were necessary to cushion its effect on the people.
“it is unrealistic to peg price of at N615 per litre in a country where the minimum wage is N30,000.
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“As things are now, minimum wage must be reviewed immediately without further delay to save workers and their families from suffering unduly,” he said.
He urged the Federal Government to adopt effective monitoring and evaluation measures to ensure that the palliatives get to the targeted population, especially for farmers and businesses.
The Federal Government has proposed N500 billion palliatives to be implemented in partnership with states and local government councils to cushion the effect of petrol subsidy removal.
President Tinubu also signed four Executive Orders to address unfriendly fiscal policies and multiple taxes that are stifling the business environment.
The Executive Orders on suspension and deferred commencement of some taxes would provide the necessary buffers and headroom to businesses in the manufacturing sector to continue to thrive and expand.
The Federal Government also plans to inject N75 billion between July 2023 and March 2024, to strengthen the manufacturing sector, increase its capacity to expand and create jobs.
The objective is to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity.
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