Author: Dr. Olaoluwa Vincent Ajayi

Lagos, Nigeria — When President Bola Tinubu assumed office as Nigeria’s 16th head of state, he wasted no time in making a bold declaration: the era of petrol subsidies was over. This announcement was hailed by many as a decisive move towards stabilizing and revitalizing Nigeria’s struggling economy. The removal of subsidies was positioned as a cornerstone of the Tinubu administration’s economic reform agenda, aimed at reducing fiscal burdens and redirecting resources towards critical infrastructure and social programs. In a subsequent national broadcast, President Tinubu reiterated the necessity of this decision, emphasizing that Nigeria could no longer rely on temporary…