Sharing the Subsidy Palliative: The Role of Technology
Recently, it was announced that the federal government would give each state 5 billion naira as palliative to cushion the burden of removal of fuel subsidy on the residents. It is obvious that 5 billion naira for each state is not a fair distribution. Lagos and Kano with very high populations get same amount with Ekiti and Osun that have lower populations. This defeats the principle of equity. Truth is, there is no perfect method to share the money. Any program that involves human beings can be corrupted. However, some methods are more prone to misappropriation than others. This post is not about what is the ideal palliative (financial, infrastructural, etc) for Nigerians. The federal government has taken a decision on financial palliative. My concern is how the aid could be distributed appropriately. In my opinion, the use of the BVN would allow for an equitable sharing of the palliative. It will also reduce misappropriation greatly. Some days ago, during his interview on Arise News, ...