It is a double whammy because Nigeria’s fuel subsidy remains: you make it possible for the petrol mafias to keep smiling, and you also give the government an excuse to ramp up fees in revenue generating agencies. So, at the end, the Nigerian people continue to keep believing. Now that the Senate wants the revenue generating agencies to help, expect fees to go up in any transaction interaction with the government.
The Senate has spoken to MDAs (ministries, departments and agencies of government): “The Nigerian Senate has said that it will be up to revenue-generating agencies of the Federal Government to generate the needed N3 trillion.
The Nigerian Senate has said that it will be up to revenue-generating agencies of the Federal Government to generate the needed N3 trillion. The Senate president Ahmed Lawan said the agencies are capable of generating the sum annually if the resources are prudently spent.
Lawan said this on Monday, while declaring open an interactive session on the need to improve internally generated revenue of the Federal Government and Revenue Projections of the agencies as stipulated in the Appropriation Act 2022.
He explained that the meeting, which was between the Senate leadership, members of the Senate Committee on Finance led by Senator Solomon Adeola, and revenue-generating agencies of government, was to explore means of increasing government revenue.
Donald Trump was not my person but I respected the boldness he had to kill certain policies in his country. Because he did those, future presidents will benefit. Nigeria needs outliers who can be “stubborn” and get this country fixed. It turns out that President Buhari is just like the rest; no difference. Maybe we need some out-fashioned bulldozers to fight for the Nigerian people, and stop the own-goals.
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Think about it: you will spend $7.3 billion to subsidize fuel when that money could have helped you fix some of your refineries and deal with the root cause, recording positives for the nation! Tufiakwa.
Nigerian Senate Moves to Help Revenue-generating Agencies Fund N3trn Revenue Deficit
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This geographic space called Nigeria is being managed like a conquered territory, so it’s more or less about who can capture what or run away with whatever that is set before you.
But again, who’s really expecting this cowardly regime to touch the petrol subsidy? That would be daydreaming. I had found the subsidy removal talking point amusing all along, because anyone that understands how this regime has been operating since 2015 should have known that subsidy removal is way beyond its capacity. Kai, APC regime will sink if petrol goes for over N300 per litre, a year before general elections? Bad call from political standpoint.
I think we are done with expectations concerning the current regime, all we are doing now is to work hard enough to keep this fragile thing together till next year, else it could implode.
They voted $1.5 billion for Port Harcourt refinery, and now that election is coming, the money can move elsewhere, just like Trademoni and Marketmoni did some anointing in the build-up to 2019 elections, they have shown us all their hands anyway.
These people? They are just…