Energy Subsidy: Nigeria is exception within civilised world

has appealed to Nigerians not to talk ill of our country and, truth be told, nothing can be more unpatriotic, even nauseating, than a Nigerian disparaging Nigeria because, as Major – General Mohammadu Buhari once put it, we have no other country to call our own adding, in fact, that “we shall all remain here and salvage it together”.

According to the 2nd May, 2019 IMF report, Canada paid US$43 billion in 2015 in post-tax energy subsidies; representing 2.9 percent of her GDP – an expenditure of US$1,191 per capita. plans to earmark about 4 billion euros annually, to subsidise electricity prices for energy-intensive industries to support an industrial move away from fossil fuels, as well as, discourage firms from moving offshore.

“The countries subsidising power are not unwise, they do so to protect the local industries which produce the goods they export to us here in Nigeria, thus 1.Against all economic rationality, the North insisted on National Grids that prioritise distribution to the North on the basis of Population and National character, rather than on demand and ability to consume, and pay, for such power; which ability, as clear as day, is not available there.2.

After all, they argue, you cannot store power after you have produced it. It is a sell or lose it business.

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