Subsidy: triumph of reason
Anyone who knows jack about political timing knew the proposed removal of subsidy on premium motor spirit this 2022 was a profoundly bad idea. This is an electioneering year in Nigeria preceding the 2023 general election when all intelligent political players should be out to endear – indeed, ingratiate – themselves to the electorate with a mind to secure support in the forthcoming poll. Governance, even by global best practice, makes room for this factor and Nigeria can’t be an exception. You may want to argue that good governance ought to entail measures stemming from hard-headed reasoning with facts and figures, not political expedience; but it is hard reasoning being expedient by not acting on dubious facts and figures to effect measures that draw blood in an election year. And so, it was a matter of expedience, but by no means for lack of hard reasoning that the Muhammadu Buhari administration pulled the breaks on its plan to unleash the price of petrol on Nigerians this year. Gov...