President Tinubu, ‘kill’ corruption from within

Nigeria’s President Bola Tinubu delivers his speech after taking the oath of office during his inauguration at Eagle Square in Abuja, Nigeria on May 29, 2023. – Nigeria’s new president Bola Tinubu, sworn in on May 29, 2023, has promised to unite Africa’s most populous nation and tackle insecurity as a “top priority”. The 71-year-old […]

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Nigeria’s petroleum subsidy quagmire and considered policy options

By ‘Femi D. Ojumu Economists characterise market failure as an inefficient distribution of goods and services in a properly functioning free-market economy. After all, free market orthodoxy establishes the principle that the market forces of supply and demand should ordinarily determine the prices of goods and services. The logical deduction therein is that a subsidy, […]

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Nigeria’s petroleum subsidy quagmire and considered policy options

By ‘Femi D. Ojumu Economists characterise market failure as an inefficient distribution of goods and services in a properly functioning free-market economy. After all, free market orthodoxy establishes the principle that the market forces of supply and demand should ordinarily determine the prices of goods and services. The logical deduction therein is that a subsidy, […]

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The subsidy apology Tinubu may never render

By Azuka Onwuka The continuous implementation of the subsidy on petrol has been the most thoughtless decision of the Nigerian administrations in the past two decades. Therefore, on May 29, 2023, when he was inaugurated, President Bola Tinubu announced that the petrol subsidy had been removed. It was the wise thing to do. By announcing […]

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Tinubu: Restoring peace in a country at war

Nigeria is at war. Boko Haram and ISWAP Islamic terrorists, killer herdsmen, kidnappers and bandits, and terrorists wearing the toga of separatism have laid waste to many communities across the country, creating a huge humanitarian and internally displaced persons crisis. For too long, the criminals have had a field day and overwhelmed the existing security […]

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The dynamics of fuel subsidy in Nigeria

By Abiola Soremekun Petroleum pricing is a significant issue in Nigeria, as the country heavily relies on oil for its economic stability. The government had implemented fuel subsidies to keep the price of fuel affordable for citizens, as well as to stimulate economic growth. However, these subsidies have become increasingly unsustainable in recent years. Fuel […]

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