Fuel Prices Skyrockets As Tinubu Aborts Subsidy

Daily Rendezvous

The newly sworn-in APC government hac thrown Nigerians into yet another misery and confusion, as the Bola Ahmed Tinubu-led government, says it has removed the payment of subsidy on fuel.

The instant effect of such wreckless pronouncement is the instant closure of filling stations,the instant re-emergemce of fuel queues, the announcement of new pump price of petroleum from an average of about N220 per litre to about N550 per litre and the zapping of little earned incomes of Nigerians from their pockets.

Just like President Buhari, when he instantly closed borders, and banned the importation of rice and other essential goods, under the guise that it would boost local production and consequently drive prices down, but after 8 eight years, it was clear that the policy had no purpose, strategy for implementation, or economic goals.

The Bola Tinubu, subsidy removal is more like the Buhari clueless eight years drive to no where. Nigerians already know that the subsidy regime only sustains the rich and oil merchants, the question most Nigerians continue to ask the APC led government is, why must the poor shoulder all the burden for developing the country? Why must it be done haphazardly like the naira redesign and cashless policy? Why must Nigerians be tormented at every juncture of APC policy introduction?

Some people might applaud Pres. Tinubu for removing the subsidy, the big question is what is the plan? The answer I would hazard is that Team-Tinubu like Buhari, had no plan.

Was the naira redesign and cashless policy a good policy? Absolutely. But with a leader without foresight, vision and strategy, it could as well be one of the worst plans ever conceived.