Premium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
All Roar and No Bite: Exposing Nigeria’s Paper Tiger Election LawsDeluge of Death: Flood leaves Nigerian community in ruinsHow Ukraine’s Superhuman Centre is helping war heroes walk againAs monikers go, “TPain” is not a term of endearment. However, given how generally crotchety the Tinubu administration is, it is understandable if its response is to take umbrage at this description of its principal. Yet, no one living in Nigeria, today, could fail to understand the provenance of this alias.
As if this were not enough cause for worry, there is another vicious cycle at play. The reform agenda put in place by the Tinubu administration since coming into power has centred on cost recovery in government-run businesses and market-determined prices across the rest of the economy. Nowhere has this dynamic been more consequential than in the oil and gas sector, where the pump-station price for petrol has risen inexorably as a result.
Ironically, the Tinubu government did not have much choice in the policy matter. Since 1960, under the spell of dirigisme and central planning, the response function of the Nigerian state has been lousy and progressively shitty. This process reached its apogee under the Buhari administration. The Tinubu administration’s favouring of market signals over government fiat was thus a welcome departure from the nanny state construct. But all is not as it seems. Nor is much of it well.
Indeed, recent such cost increases by ministries, departments, and agencies of the state simply invite us to understand what these institutions do and how well they go about it. The answer to this question, if the serial donnybrooks between the Dangote refinery and the NNPC Ltd, is indicative is “remarkably nothing”, and even that, “not very well”!Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
“Colomentality”: How we validate cultural experiences, By Uddin IfeanyiOur contribution to the global cultural gene pool is circumscribed as we insist on expressing ourselves through tunnel-visioned prisms.
Read more »
Islamist groups escalate retaliatory attacks on Burkina Faso civiliansPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Unmasking Tinubu’s government of NADECO veterans, By Chidi Anselm OdinkaluPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Gov Lawal visits families of slain Zamfara guards, pledges full support for themPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
FIRS launches USSD code to simplify taxpayer services nationwidePremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Xiaomi unveils latest innovations: Redmi 14C, Redmi Pad SE 8.7, and Redmi Buds 6 seriesPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »