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That is the explanation you expect from a government that thinks about economic policies only in one dimension. Subsidy, as you know, is just one of many options of economic policies available to a government that is willing to resolve economic issues in the favour of the masses.
Buhari’s preferred option of running the nation on debt fuel is getting more scary, so much that nonagerian Afe Babalola, who thinks the 1999 Constitution won’t help Nigeria grow, is offering to rally Nigerian billionaires and trillionaires to contribute to defraying the N42.84tn debt that the Buhari regime has racked up for generations of unborn children.
Note that Buhari is trying his best to browbeat the National Assembly into converting the N23.7tn short-term ways and means debt that his government prised off the Central Bank of Nigeria into a 40-year long-term loan. The Director General of the Debt Management Office, Patience Oniha, puts it this way, “Considering reports that the next administration may inherit a total public debt stock of about N77tn, the estimated figure can be expected only if the ways and means advances from the CBN are securitised.”
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