Opinion by JideoforAdibe: In the long run, we are all dead via thecableng
affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in the tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.”
President Tinubu’s declaration on the day of his inauguration that “subsidy is gone” has been widely held as a bold initiative by many analysts. However, it remains debatable whether the manner in which the fuel subsidy was removed was the best for the economy. Again, owing largely to a belief that the fuel subsidy regime was mired in unbridled corruption, there seems to be an uncritical consensus that fuel subsidy must go in its entirety.
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