2027 and Nigeria’s subsidy debate: The reform was right. The financing story still needs a plan, By David Okelue Ugwunta
The National Economic Council where the federal government and all 36 governors sit is the natural forum to negotiate and publish binding investment and transparency commitments tied to subsidy financing, without which Nigeria risks winning the battle against a bad subsidy regime while losing the larger war for sustainable development.
Beyond financing formulas, Nigeria needs a genuine transportation roadmap co-formulated by the federal government, the states and the private sector, built around public mass transit rather than scattered investments.
Both miss the more important question: not whether subsidy removal was right, but whether the fiscal space it created is being converted into the assets, especially transportation, that would actually lower the cost of living of Nigerians.
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