Asiwaju Bola Ahmed Tinubu, Nigeria’s President since 29 May, once said that his lifelong ambition was to become the President of Nigeria. He was lucky that his dream came true. Though the outcome of the election remains contested, he has been Nigeria’s President the past one week. So what are the takeaways from his one […]
Asiwaju Bola Ahmed Tinubu, Nigeria’s President since 29 May, once said that his lifelong ambition was to become the President of Nigeria. He was lucky that his dream came true. Though the outcome of the election remains contested, he has been Nigeria’s President the past one week. So what are the takeaways from his one week in office?
Two, the bounce from the inauguration was overshadowed by the unintended consequences of Tinubu’s declaration on the day of his inauguration that “fuel subsidy is gone”. That speech immediately led to the panic buying of fuel, the return of queues in petrol stations across the country and the jumping of pump prices in some filling stations to as much as N700 per litre.
seems overwhelmed by a sense of foreboding following the nearly 300% hike in the pump price of fuel in this largely generator-dependent economy. Suddenly the perennial online combat between the ardent supporters of Tinubu and others that are often wrongly lumped together as ‘Obedients’ seem to have abated as everyone appears to worry about how the policy will impact on them once it has cascaded through the entire value chain.
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