Nigerians started the year 2012 with a rude gift from the federal government. The President Jonathan-led administration had abolished the regime of petroleum subsidies, triggering a huge leap in pump prices. What followed was a series of protests that finally forced the government to backtrack, howbeit, not completely. The events of Jonathan’s final week in government show that despite the arguments and reservations about the subsidy policy, one thing is certain—it is not helping Nigerians. Continue reading “May We Finally See”
It is no longer news that petroleum products are currently scarce in Nigeria—an OPEC member and eighth largest producer of crude oil in this planet. The word “scarce” does not tell the full story. “Acute scarcity” portrays a better picture of the situation being faced by the giant of Africa.