MURTALLABIAN TENDENCY
in Columnist » MEDlines
20:25 20.12.2011 |
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Author: Michael Egbejumi-David (demdem@hotmail.co.uk)
But now, unfortunately, our Jonathan is on his knees, arms raised, pounding hard on the Murtallabian door asking to be let in.
I guess for most folks, the first hint of President Jonathan’s Murtallabian tendency was the utterly inept manner he allowed the last presidential election to be unnecessarily and gauchely rigged in the South East and South South regions of the country. From that point on, it’s been one bumbling step right after the other, I’m afraid.
As soon as he was sworn into office as President proper, this man studied all the problems besetting the country and decided that a single term of six or however long years for the Executives was the solution.
After being rightly shot down on that score, he took advice and decided that he would remove the non-existent subsidy on petroleum products in the country. For those who truly want to understand this oil subsidy issue in greater details, I will strongly suggest reading the very well-informed and well-written article “The Real Cost Of Nigeria Petrol” by Dr Izielen Agbon. Suffice it to say that as most insiders know and as pointed out by Dr Agbon, when the real barrel cost, the refining cost and the distribution costs are all factored-in, the pump price of petrol in Nigeria should be $35.7 per barrel, or, N33.36 per litre. Currently, the official price is N65. So where is the subsidy Jonathan and his officials keep talking about?
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