I have been one of those in favour of the removal of fuel subsidies. However for most Nigerians the problem is not that they don’t understand the logic of spending wisely. The problem is they don’t trust the government to do so. The government has used these tricks in the past and there really is no reason to believe they are serious about investing now. As popular as the protests are, and I support them, the only tangible plan I’ve seen involves returning to N65 per liter, reducing the cost of governance, plugging holes in oil sector and provide power. The N65 is popular however the rest are all pretty vague. Almost as vague as the government SURE plan.
I have therefore decided to try to contribute by coming up with a plan that doesn’t require people trusting the government. This is a plan to replace the governments proposed subsidy reinvestment and empowerment program. It is based on three principles: ringfencing the savings from the subsidy removal; enforcing pre agreed conditions on projects with the federal, state and local government; and providing a tool for ordinary Nigerians to monitors projects. This plan is not supposed to replace other demands by protesters. Demands such as reducing the allowances of members of the national assembly.
This plan is still in the early stages of development and all suggestions are welcome. Please email suggestions to me at email@example.com.