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Three myths about subsidy removal by Chidi Anselm Odinkalu

On January 1, 2012, the administration of President Goodluck Jonathan announced a decision to remove the petroleum subsidy. The current rulers of Nigeria were then the main opposition. They did oppose the measure quite volubly. The continental and global context then was quite febrile. The Arab Spring was then in full swing and the fear | ....

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Three Myths About Subsidy Removal -By Chidi Odinkalu

In October 2019, the Buhari administration closed Nigeria’s land borders claiming that it did so to address smuggling in various essential goods, including petrol. Two months thereafter, by December 2019, President Buhari claimed that the border closure had reduced the consumption of petrol in Nigeria by about 30%. Somehow, this was not reflected in subsidy payments, which kept rising. ....

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