Once upon a time, there was a Nigerian economy that was vibrant, buoyant reliable because of its capacity to produce and refine crude oil.
As we speak, these refineries are dormant, producing nothing while the country battles with the hydra-headed issue of subsidy removal.
A few days ago, Nigeria secured $800 million subsidy palliative loan from the World Bank. It wants to share that money to 10 million Nigerians to augment their transport fare once subsidy is removed.
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Reacting to the report of the loan, a cleric, Very Rev Henry Anozie, wants the government to use the money for something else.
He suggests that the government should use the money to revamp refineries instead of sharing it.
Henry Anozie is the Cathedral Presbyter and Administrator and the Methodist Cathedral Church, Aba.
According to him, “revamping refineries will create substantial economic effects that will improve the household economy more than sharing the fund would”.
Sustaining The Gesture
Anozie believes that transportation controls many economic activities in Nigeria and reviving the refineries and reducing the cost of fuel will be more helpful to households than “dashing” them money.
“The government should get people employed because when you get people employed they will fend for themselves and also enjoy the self-esteem of working and earning the money.
“You don’t dash people money to feed. How long can that kind of gesture be sustained,” he queried.
He regretted that the country is becoming a “perpetual debtor” to other nations because the leaders are not placing priorities right.
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The Methodist priest said that loans are not meant for feeding people but for developing reliable infrastructure that would sustain the population’s productive endeavours.
He urged the country’s leadership to steer clear of neo-colonialist interests abroad which he said had the tendency to set the country’s progress backward.
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