World Bank: Nigeria is really very smart. You asked for the removal of the fuel subsidy and the nation agreed. But now, the nation has introduced a “transport subsidy”. Hope everyone is happy with the new nomenclature. Nigeria needs BOLD leadership with the fierce urgency of now. Otherwise, we will just be running around.
“In a new move to put an end to the lingering protest that has greeted the federal government’s moves to remove fuel subsidy, the Minister of Budget and National Planning, Mrs Zainab Ahmed said on Thursday that the government is planning to introduce transport subsidy.
“The Minister, while describing fuel subsidy as a major waste and drain on the Nigerian economy that only benefits the rich, explained that temporarily replacing it with transport subsidy will minimize the impact fuel subsidy removal will have on the masses.”
The need for subsidy is because Nigeria does not want to fix its refineries. Why can’t that be done? If we do that, all the issues of subsidies will go.
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