Fuel subsidy: the government is right

A lot has been said and is still being written about the recent removal of oil subsidy by the Nigerian governmentand rightly so. But I think, when considered dispassionately, the government is right on this one.Ill give a simplified view. As an outsider, I do not know when the subsidy began but my own understanding of the issue takes off from the Babangida/Abacha regimes. I think things took a decidedly murkier turn during Abachas upside-down rule when, the refineriesby omission and by commissionfell into a state of severe neglect and under-performance. Abacha, and his co-travellers, saw this as an opportunity to make money. They got into the fuel importing business. Abacha, Babangida, Lukman, and their various fronts in particular were up front and centre in this. Add your comment
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