Thursday, January 05, 2012

THE CHALLENGES OF NIGERIA

Nigeria has a population of about 167 million people (newly released 2011), the most populous black nation, the largest producer of oil in Africa and the 6th largest producer of oil in the world.
Our country (Nigeria) has been facing a lot of challenges; the Niger delta crisis, which has been partially resolved, kidnapping, bombing attacks by the Boko haram sect, the removal of fuel subsidy, human rights violation, and corruption.
Former administrations has promised to tackle the problems of Nigerians, starting from unsteady power supply, unemployement, low per capita income, Niger delta crisis, insecurity, and corruption, but they did nothing about it.
The current administration was once fully supported by the people, because of the reduced price of fuel from 110 Naira to 65 Naira per litre and the proposed minimum wage salary, not untill the removal of fuel subsidy(fuel subsidy is the amount of money the federal government pays to make sure that fuel is sold at a fixed price no matter the cost of the refined imported fuel), the removal of fuel subsidy ruined the new year celebration of Nigerians and turned the hearts of Nigerians against the government with the mindset, that the government is good at inflicting pain on the common Nigerian, by removing fuel subsidy, and the delay of the federal government to carry out measures to protect the life of her citizens.
The christmas bombing claimed lives and left many injured, currently "state of emergency" has been declared on the affected Local goverment areas.
Nigerians, are predicted to experince a little hardship this year, with Academic Staff Union of Universities (ASUU) on an indefinite strike, like wise Nigerian Labour Congress (NLC) proposed strike, which will result to a nation wide strike, banks, petrol stations, markets, schools will shut down, unless the demand of NLC is met.
The federal government promised to rehabilitate the refineries, creat job opportunities and ensure steady power supply through the money recovered from the removal of fuel subsidy. The central bank governor said on a town hall meeting that it is obvious to everyone that the removal of fuel subsidy is going to help revive the economy, he also said that the country has used close to $32billion out of $64billion oil reserve, that if the government didn't remove the fuel subsidy that the economy will fall and this will inflict more pain than the removal of fuel subsidy. The president made a speech on a New year service in Baptist church in Abuja, he said that he is slow in actions because he thinks before he takes decisions, that people who does not think make mistakes in their decisions and they would not come out in the open to celebrate their mistakes. The removal of fuel subsidy has increased the cost of transportation, and cost of living, if the federal government fulfills their promise in the town hall meeting, which they said that the money recovered from the removal of fuel subsidy will be used to subsidize transportation, and equally be the back bone in enforcing state government to pay the minimum wage salary to the workers.
They also promised to cut down unnecessarily expenditures of the federal governments to the legislatures and other arms of goverment. Can Nigeria survive this?
For the mean time prepare for the nation's shut down come January 9th 2012



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