…reversing the removal of the subsidy would be a step in the wrong direction. It would restore the fiscal burden, revive the price differential that encouraged smuggling and arbitrage, and weaken incentives for efficient domestic refining. More fundamentally, it would address the immediate price of petrol, while leaving the structural weaknesses that produced the wider […]
The post Beyond the rule of 70: Why subsidy should never crawl back into Nigeria’s economic discourse, By Gboyega Nasir Isiaka appeared first on Premium Times Nigeria.