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International Monetary Fund (IMF) has denied playing any role in the removal of fuel subsidy in Nigeria by the government of President Bola Tinubu. This development was made known at a press conference during the IMF and World Bank Annual Meetings in Washington DC, United States. According to the IMF’s African Region Director, Abebe Selassie, […]
Continue ReadingI was away on vacation for just two weeks only to return to meet fuel queues still on the streets of Nigeria with the fuel stations rationing fuel in Lagos and other parts of the country. It is a big shame, and an embarrassment that the world’s sixth largest producer of crude oil cannot refine […]
Continue ReadingOne of the first things that had been cited as evidence of President Bola Ahmed Tinubu showing courage and wisdom and hitting the ground running as the 16th President of Nigeria, has been his announcement that “fuel subsidy is gone”. In his inaugural speech on May 29, 2023, he did not state how but within […]
Continue ReadingLabour Party presidential candidate Peter Obi has reiterated his commitment to removing the subsidies on fuel. At the Channels Television town hall on Sunday, he called the monies “an organised crime” and promised they would not stay a day longer if he were elected president. All I can say to him for now is, good luck […]
Continue ReadingNo government can remove fuel subsidy in Nigeria. And this is simply because the chicken has come home to roost, not because it is desirable to subsidise a product that needn’t be subsidised. Well, some people may argue that because Nigeria is a crude oil producing nation, then it is good to expect the citizens not to pay what other […]
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