Financial experts have advised the Federal Government to invest the gains from the excess crude oil sales to better the lot of Nigerians.
A chartered accountant, Chief Abiola Ali, in an interview in Ibadan on Monday, April 13, 2026, said such an investment was crucial.
Ali, also a businessman, added that an emergency at hand required an emergency response, such as subsidising food items.
“The government can also find a way to give certain allowances to workers to compensate for the increase in transportation.
“Similarly, there are other social intervention programmes they can put in place for non-civil servants to cushion the effect of the hardship.
“Nigerians are not just complaining; things are deteriorating by the day,” he said.
According to him, the government should respond swiftly because the people, who are the reason for the government’s existence in the first place, should not be abandoned to continue suffering.
“Government could deplore any form of palliative that could be useful at this point,” Ali said.
Similarly, an industrialist, Chief Kola Akosile, said it would be nice to devote as much as 80 per cent of excess crude gains to provide palliatives for investors and goods manufacturers.
This, he said, would result in producing at a reduced rate for society.
Akosile, a national officer of the Nigerian Association of Chambers of Commerce, Industry, Mining and Agriculture (NACCIMA), called for small-business grants and improved transportation.
According to him, these would automatically bring down the high cost of living.
“The hardship is too much, especially on the poor people, so it is important for the government to pump the excess gains into various palliative measures to ease the hardship,” Akosile said.
President, Trade Union Congress (TUC), Mr. Festus Osifo, recently urged the government to invest 60 per cent of gains from crude oil revenue on the landing cost of fuel.
This, he said, would ease the economic hardship caused by the rising cost of fuel.
By Olawale Akinremi