Subsidy Removal: World Bank $800m Palliative Is An Invitation For More Enslavement By SMO

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A public Affairs Analyst and a content developer, Sani Michael Omakoji ( SMO ) has described world Bank purported palliatieve of $800,000,000 to Nigeria to cushion the effect of subsidy removal as “An Invitation For More Enslavement”.

SMO, made the observation in his painstaking article titled: ” Subsidy Removal: World Bank $800m Palliative Is An Invitation For More Enslavement”

Let us read in greater details what SMO has to say: “In the weeks past, the Federal Government of Nigeria through the Minister of Finance, Budget and National planning, Hajiya Zainab Ahmed, announced that another subsidy would be removed again come June 2023.

This she said that official price for fuel would hike to about N750 per litre.

This is helarious and laughable as this announcement should have been too heavy for her to make it.

Which fuel subsidy is federal government still talking about?

Is it the same fuel subsidy President Muhammadu Buhari during his campaign in 2014 told Nigerians that “there was nothing like fuel subsidy saying it was a complete scam?”

Aside that statement, President Muhammadu Buhari, who himself is the Minister of Petroleum in the last seven years plus had on two to three occasions removed the same fuel subsidy he claimed there is/was nothing of such thereby making the price of fuel to shoot from N87 under the then President Goodluck Ebele Jonathan to now N290 under his watch.

Amidst this unreconciliatory statement in place, the World Bank is quick to give Nigerian government a facility believed to be $800,000,000 dollar as palliative to cushion the immediate effect of fuel subsidy removal.

Why is World Bank quick to give Nigeria palliative instead of supporting Nigeria to build refineries?

The same petroleum we explore in Nigeria is ironically taken to European countries to be refined and later brought back to us to buy at exorbitant price.

Why has World Bank not encouraged Nigeria to rather refine the petroleum here in Nigeria before taking out for exchange?

The same World Bank that will spell out stringent conditions for developing countries of the world if there is need to borrow is here acting saint with her meagre palliative of $800,000,000. 😆

Some of us who understand how Europeans are using world Bank and some of these International Organizations such as International Monetary Fund ( IMF ), Common Wealth of Nation amongst others to under develop Africa, know why World Bank is quick to offer palliative in this regard.

To me, this peanut they call palliative is an invitation for more Enslavement under European subjugation.

Thus that’s why, I, Sani Michael Omakoji , ( SMO ) the author of this article want to state that enough of this gimmick by Europeans under the disguise of world Bank.

Besides, $800,000,000 to Nigerian exchange rate of N520 per dollar will only give you a worthless value of N416,000,000,000 which when divided by about 200,000,000 Nigerians can only give each Nigerian N2,080, 😆 that’s on the assumption that Nigeria population is not more than 200,000,000 people.

Dear Reader, what can N2,080 do for a Nigerian compare to the pain they about to inflict on Nigerians through this Subsidy scam ?

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If world Bank is really serious to help ordinary Nigerian, there are two things I want her to do in this regard.

Sani Michael Omakoji

Sani Michael Omakoji In 2019 Giving Lectures on Social Investment And Subsidy Ideology In Nigeria

1. Send Experts to build at least four Refineries for Nigeria and handover to Nigeria without expecting any reward in return.

This gesture will boost Nigerian Economy and also create job that would eventually increase Nigerian Gross Domestic Product ( GDP ).

2. If world Bank mean real palliative for Nigerians, they should come and disburse $10,000 each to all Nigerians using individual phone number without involving Federal Government because, the last conditional cash transfer by Ministry of Humanitarian was an open glare of corruption.

And to President Muhammadu Buhari, why is it that he is talking about complete subsidy removal now that he wants to leave in a month time ?

Which subsidy is he talking about removing after he removed on three occasions and also previously alleged that the subsidy in real sense is a scam and doesn’t even exist ?

Finally, I think it is wise for President Muhammadu Buhari to let the status quo remains as he leaves instead of creating more trouble or creating more confusion for incoming government”.


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