Removal of Fuel Subsidy: A Painful Step in the Right Direction
By Ogiri John Ogiri. One of the very first attempts to remove subsidies on petroleum products by the federal government was in January, 2012. The then president Good Luck Jonathan-led administration, had announced that the subsidies on petroleum products was no longer in the interest of the common man but that it was a tacit way of subsidizing the rich. Hence, they were removing it outrightly. As usual, people, both well-intentioned and those driven by selfishness and greed, came out to denounce the president's action which they had interpreted as wicked and anti-people. Within a few days into January that year, protests were organized by many prominent Nigerians so that the government was forced to reverse itself, and as they say, the rest became history as the government suspended the implementation of the fuel subsidy removal policy. By 2015, when the APC-led administration of former president Muhammadu Buhari came on board, it began to grapple with the reality of the fraud sur...