By ADESHOLA FATHIA OLUWABUNMI
Mass Communication Undergraduate from THE POLYTHENIC ILE IFE.
With the extraction of fuel entitlement by the central rulers in March 2023, many citizens were left thinking how they would manage with the inflaution on cost of living.
Across several months, the consequence of the entitlement removal have been felt by the masses from the little profit acquired by the business processor .
This report will dig into the influence of the various groups of people as well as the ruler’s influence to minimize the effect.
The nation rulers conclusion to remove fuel entitlement came as surprise to many, especially the masses, particularly from little profit acquired striving to make ends meet before the entitlement withdrawal. The unexpected inflation in fuel amount made it even unyielding from them to provide primary requirements, like food and movement.
The President conclusion also bogus little business, who compelled to increase amount in other to cover the inflaution cost of fuel ,This put more stress on buyers who were already feeling the effect of increase in amount in answer to the situation the rulers proclaimed a number of measure focused at reducing the effect of entitlement withdraw.
One such influence was the beginning of a conditional cash transfer program, which offer cash assistant to small earners residential. Moreover there have been feedback that the program is being misappropriated and that many qualified citizen have not received the funds they are entitled to.
Another reason was the reduction of the value added tax (VAT) from 75% to 5% ,Moreso this has not been enough to counter balance the effect of the entitlement withdraw and many people are still facing difficulties to deal with the high cost of living.
The rulers action have triggered viral voice out across the country when they noticed the people called for the petrol entitlement be increased. The rally have exposed the deep diversity in Nigerian and also emphasized the rulers not succeeding to address the root causes of penury and unjust distribution.
The rulers response to the rally has been done in an unnecessarily forceful way. With the security forces using tear gas and live ammunition to scared away crowds. This causes further anger and indignation among the people as the rally continue the conclusion of the entitlement withdraw remains unpredictable. The rulers are under pressure to talk about the concern of the citizens, while at the same time ensuring that the country’s financial system remains stable.
One things is certain the entitlement withdrawal has had unique impact on the rulers needs to take important steps to solve the problem it has created.
One such approach could involve commitment, in alternative energy sources, It includes solar and wind power. This would not only help to decrease the nation dependence on oil ,but would also makes jobs and stimulate economic growth. It is clear that the entitlement extraction has had a wide- ranging impact on Citizens,and that the rulers needs to take action to address the problems it has created.
One positive advancement that has emerged from the entitlement withdrawal is the increased focus on environmental responsibility. Many citizens have started to think about ways to reduce their carbon footprint,and have taken steps to cut down on their consumption of petroleum.
Finally,it is clear that the withdrawal of fuel entitlement has been a stimulus for change in Nigeria,and only time will tell whether the changes will be for better or the worse .
