President Bola Tinubu’s removal of fuel subsidy during his inaugural speech on 29 May is a steely resolve well made.
of fuel subsidy during his inaugural speech on 29 May is a steely resolve well made. But it has set the alarm bells ringing. The decision sits well with the World Bank, IMF and technocrats who had engaged in long advocacy for it; but not so for the downtrodden, who see only the painful effects that go with it.
The agreements reached last Monday nipped in the bud the earlier planned 7th of June nationwide strike. These include the setting up of a joint committee to review proposals on wage increase; inclusion of low-income earners in the $800 million cash transfer programme; rehabilitation of the country’s ailing refineries; repair of roads, among others.
Presidential candidates of the Peoples Democratic Party and Labour Party , Atiku Abubakar and Peter Obi Ensuing from the stemming of this national financial haemorrhage, youths in Cameroon engaged in the motorcycle taxi business were recently seen in a video reportedly protesting the subsidy removal by Nigeria. That’s a huge statement about the sense of entitlement of our neighbours to Nigeria’s “Father Christmas” disposition, as President Tinubu put it.
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