{"id":499,"date":"2021-02-10T08:21:08","date_gmt":"2021-02-10T08:21:08","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=499"},"modified":"2021-02-10T08:21:08","modified_gmt":"2021-02-10T08:21:08","slug":"fg-punishing-nigerians-for-its-failure-to-make-refineries-work-economist","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/fg-punishing-nigerians-for-its-failure-to-make-refineries-work-economist\/","title":{"rendered":"FG Punishing Nigerians For Its Failure To Make Refineries Work \u2013 Economist"},"content":{"rendered":"<h6><span style=\"color: #0000ff;\"><strong>A professor of Economics at the Olabisi Onabanjo University, Sherrifdeen Tella, said government should not punish citizens.<\/strong><\/span><\/h6>\n<p>&nbsp;<\/p>\n<p>He said, \u201cIt is not fair. Personally, I do not believe in subsidy because the subsidy they say they\u2019re paying, they are just making money out of it. I think what is important is for us to have our refineries working, rather than we talking about adjusting prices because we are importing refined fuel.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe government is supposed to bear the brunt of not doing what is right by producing refined fuel for us to buy. The government should have a way of punishing itself rather than punishing the citizens.<\/p>\n<p>&nbsp;<\/p>\n<p>An economist and Senior Lecturer, Lagos Business School, Dr Bongo Adi, said it was a bad time for a fuel price hike.<\/p>\n<p>&nbsp;<\/p>\n<p>According to Adi, Nigerians are facing social and economic challenges imposed on them by the government and an increase in the pump price of fuel will further drive more Nigerians into poverty and misery.<\/p>\n<p>&nbsp;<\/p>\n<p>He said, \u201cFrom all around, the Nigerian citizens are facing enormous risk to their livelihood, to their safety and of course to their health, owing to the coronavirus pandemic. The times have never been worse than it is right now in 2021.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>A former President, Association of National Accountants of Nigeria, Dr Sam Nzekwe, said the government should know the challenges facing Nigerians in the COVID-19 period as prices of goods and services had gone so high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A professor of Economics at the Olabisi Onabanjo University, Sherrifdeen Tella, said government should not punish citizens. &nbsp; He said, \u201cIt is not fair. Personally, I do not believe in subsidy because the subsidy they say they\u2019re paying, they are just making money out of it. I think what is important is for us to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15],"tags":[],"class_list":["post-499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FG Punishing Nigerians For Its Failure To Make Refineries Work \u2013 Economist &#8212; Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mydailybells.com.ng\/businessbells\/fg-punishing-nigerians-for-its-failure-to-make-refineries-work-economist\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG Punishing Nigerians For Its Failure To Make Refineries Work \u2013 Economist &#8212; Business Bells\" \/>\n<meta property=\"og:description\" content=\"A professor of Economics at the Olabisi Onabanjo University, Sherrifdeen Tella, said government should not punish citizens. &nbsp; He said, \u201cIt is not fair. 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