“Before you conclude that Nigerians need fuel subsidy because petrol is too expensive, please be aware that according to Gallup Polls, Nigerians spend $2 billion (not Naira, dollars) annually gambling on sports betting, of which we only win less than $200 million. In other words, we are pudding away $1.8 billion. This is about the same amount of money our government was spending on fuel subsidy annually.
“Please research it by yourself. Sixty million Nigerians spend $8 daily on pools and other forms of sports betting.
“We also spend hundreds of millions of dollars annually on porn sites, and three million Nigerians invested and lost $30 million in the MMM Ponzi scheme.
“If you remove emotions and study pure empirical data about how and where Nigerians spend their money, you won’t even listen to the Joe Ajaero-led Nigerian Labour Congress’s calls for a nationwide strike.
“Yes, Nigeria is not the wealthiest country on Earth, but our major problem is priority, not poverty. And fuel subsidy removal will force us as a people to prioritise our monies to achieve better outcomes in our lives, as well as give governments at various levels an opportunity to spend public funds on infrastructure and social services, like education, that will help Nigerians make better financial decisions than spending our monies on gambling, pornography, and Ponzi schemes.
“I know you are angry now. But am I lying? Truth is bitter, but better!”
