Encomium
Many Nigerians were left impressed with the chairman of Stanbic IBTC Holdings Plc, Atedo Peterside, following his interview on Channels TV on Monday, May 16, 2016 where he spoke on the recent removal of fuel subsidy by the Federal Government.
He said it was imperative that the government as a matter of urgency, removed subsidy on petrol even as he canvassed for complete deregulation, rather that enforcing price caps.
He said, “If anything, the case for deregulation is even stronger now than in 2012 for a variety of reasons. I’m among those who believe that the prices of crude oil have changed forever with the advent of shale producers. The revenue profile of Nigeria is worse today than it was in 2012.
“The argument, if you remember in 2012 was that people said they wouldn’t mind adjustments if only the government itself would take some pain. This government has shown that they are willing to take some pain; from the President to the Vice and so on. If you don’t do it with this government, I don’t know when you’ll ever do it.
Read Nigerians’ reactions below…
@AtedoPeterside: rather than waste money to regulate petrol price, pay fixed sum to each adult via mobile phone as was done for fertiliser.
— Ayo Obe (@naijama) May 16, 2016
"@jeffphilips1: Atedo Peterside is making sense on Channels o, hope the "fraudulent" intellectuals on Twitter are watching?"
— Ellyn (@cute_ellyn) May 16, 2016
Atedo Peterside makes sense, subsidy should be removed. But only after the standard of life of the low income earners have been uplifted
— SuperiorBeing (@RunorOkpodu) May 16, 2016
Atedo Peterside is speaking pure Wisdom and truth on @sunrisedailynow . Petrol subsidy need to go now. Once and for all.
— osa afe (@osascoafe) May 16, 2016
Atedo Peterside is brilliant. How we are not led by people like this must be a research thesis. Nigeria never puts its best foot forward
— Oluwatumininu (@uzoakuchie) May 16, 2016
Atedo Peterside – intelligent man
— Chambers Umezulike (@Prof_Umezulike) May 16, 2016
Atedo Peterside saying my mind on Channels' @sunrisedailynow now! Making quality sense.
— Chambers Umezulike (@Prof_Umezulike) May 16, 2016
Atedo Peterside … Senior Man
????????????????????????????????????????????????????????
— Mr. JAG (@jag_bros) May 16, 2016
I love consistent people. @AtedoPeterside still supporting subsidy removal in 2016 like he did in 2012. Nice to see people like this
— Oluwatumininu (@uzoakuchie) May 16, 2016
@AtedoPeterside you are speaking well sir, pls keep it up. May God bless your wisdom
— 'Wole Ikupoluyi (@Princemowole) May 16, 2016
Props to Atedo Peterside.
— ST (@seyitaylor) March 8, 2016
DanielFayemi for encomium.ng
