Subsidy removal: CSOs, stakeholders convene to brainstorm solutions

<p>The social crisis arising from the subsidy removal policy of the Federal Government has prompted several civil society organisations and other relevant stakeholders to engage in brainstorming sessions on Thursday, seeking ways to navigate the challenges facing the country.</p>, <p>These stakeholders, gathered in Abuja under the banner of the National Dialogue on Subsidy Removal, facilitated by the United States Agency for International Development (USAID) and Palladium, discussed the policy’s implementation, which commenced on May 29th, 2023, and came to the consensus that more proactive actions were necessary from both the government and citizens to mitigate its impact.</p>, <p>One of the participants in the national dialogue, Dr Michael Uzoigwe, stressed the strategic importance of the government cushioning the socio-economic effects of the subsidy removal on citizens. He pointed out that the failure of the fuel subsidy regime in Nigeria was due to flaws in its administration, including lack of transparency, mismanagement, and corruption.</p>, <p>Dr Uzoigwe also highlighted several important questions that should be considered during the deliberations, such as clarifying the actual PMS consumption figures in the country to dispel doubts about the accuracy of the data, unravelling the mystery behind petroleum importation, and implementing consequences for corruption and inefficiencies in the subsidy administration system.</p>, <p>He further emphasized the need for transparency in the process of determining the pump price of fuel and called for a sincere commitment to reducing the cost of governance at all levels of government, ensuring that the burden of economic challenges is not borne solely by the poor and vulnerable.</p>, <p>Echoing Dr Uzoigwe’s stance, Faith Nwadishi, the Executive Director of the Centre For Transparency Advocacy (CTA), urged politicians and government officials to engage Nigerians urgently to find viable solutions that would alleviate the hardships caused by the subsidy removal. She emp