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Thoughts On Subsidy Removal (video) - Politics - Nairaland

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Thoughts On Subsidy Removal (video) by PeterPatterns: 5:22pm On Jun 02, 2023

https://www.youtube.com/watch?v=3fS-MICxkdc

Unfortunately, Nigeria is beleaguered with leaders who are very poor communicators and the members of the press are not even any better.
The guest on the show here was difficult to watch.
He could barely get out one coherent sentence!

The Nigerian subsidy programme may have had a problem of corruption and malfeasance; however, eradicating it and passing the cost to the person on the street is the solution that poor thinkers haunted by a shortage of clarity often recommend.
Several facets of the Nigerian economy are burdened with malfeasance or financial impropriety yet we do not advocate for their eradication. Namely the police, the customs, the ports, immigration even the political system that gets the leaders elected into position.
When persons with clear thinking speak and ruminate on these kinds of issues, proper solutions hover around cleaning up a derelict system not eradicating it.

You have gotten rid of the subsidy programme without asking yourself why it was put there in the first place.
This is very unconscionable
Re: Thoughts On Subsidy Removal (video) by Cyril44: 5:26pm On Jun 02, 2023
A
Re: Thoughts On Subsidy Removal (video) by PeterPatterns: 9:18am On Jun 04, 2023
The U.S. government subsidizes various sectors and industries in the American economy for a range of reasons. Here are some examples of those sectors:

1. Agriculture: The agricultural sector has historically received significant subsidies from the U.S. government. These subsidies can take the form of direct payments, crop insurance, price supports, and other programs aimed at stabilizing farm incomes and ensuring food security.

2. Energy: The government provides subsidies to promote the development and use of renewable energy sources, such as solar, wind and biofuels. These subsidies can come in the form of tax credits, grants, loan guarantees and other incentives to encourage the transition to cleaner and more sustainable energy sources.

3. Housing: The government provides subsidies for housing through programs like Section 8 housing vouchers, public housing and Low-Income Housing Tax Credits. These subsidies aim to assist low-income individuals and families in accessing affordable housing.

4. Education: The government provides various forms of subsidies in the education sector. This includes financial aid programs like Pell Grants, student loans and tax credits for education expenses. Additionally, public schools receive government funding at the federal, state and local levels.

5. Healthcare: The Affordable Care Act provides subsidies for health insurance coverage. Additionally, the government subsidizes healthcare through programs like Medicare and Medicaid, which provide healthcare coverage for specific groups, such as seniors, low-income individuals and people with disabilities.

6. Transportation: The government provides subsidies to support transportation infrastructure and services. This includes funding for highways, airports, public transit systems and Amtrak. Subsidies can also be given to specific industries within transportation, such as airlines and shipping.

7. Research and Development: The government provides subsidies and grants for research and development activities in various sectors, including technology, pharmaceuticals and defense. These subsidies aim to encourage innovation, improve competitiveness, and advance scientific knowledge.

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