My Authors
Read all threads
SUBSIDY REMOVAL: BUDGIT CALLS FOR HOLISTIC REFORMS IN THE OIL SECTOR

We have always called for subsidy removal because it has been used as a conduit for corruption.

However, we are worried about President @MBuhari & @nigeriagov’s approach to the removal & the timing..

Thread!
...considering the devastating effects of #COVID19 on the economy and the rise in food prices.

While subsidy removal is inevitable, we expect @nigeriagov to earn Nigerians' trust and public support first by taking proactive measures including cutting government waste...
...to build citizens’ confidence in subsidy reforms.

Currently, the optics by the government give the impression that the country is not living on borrowed funds.

Reforms cannot begin with the citizens, but with the government cutting costs in light of the pandemic.
Citizens should not be bearing more burdens while the Executive and @nassnigeria are not making adjustments to their lifestyles.

Secondly, there is a need to pass the Petroleum Industry Bill (PIB) to bring much needed reforms to the downstream sector...
...and restructure government’s participation in the industry.

Also, @nigeriagov and President @MBuhari must work towards ensuring effective operation of the refineries to justify the heavy investment in all the refineries over the years.
Conclusively, the government also needs to provide palliative measures for the people who will be worst hit by the removal of subsidy.

#GetInvolved
#AskQuestions
#FixOurOil
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with BudgIT Nigeria

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!