Beyond the rule of 70: Why subsidy should never crawl back into Nigeria’s economic discourse, By Gboyega Nasir Isiaka
I have followed with considerable interest the continuing debate over Nigeria’s economic reforms, particularly the arguments surrounding the removal of the petrol subsidy and the direction of economic policy under President Bola Ahmed Tinubu.
As the fiscal burden expanded, however, subsidy became increasingly difficult to reconcile with Nigeria’s limited public resources and enormous development needs.
Nigeria could export crude, import refined petrol, and devote enormous public resources running into trillions of naira to maintain an artificially low domestic price.
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