Subsidy removal: Nigerians paying price with no benefits — Economist

The removal of fuel subsidy by the Bola Tinubu administration has failed to deliver the economic and social benefits Nigerians were promised. This was the position canvassed by the Chief Economist of ARKK Economics & Data Limited, Dr Samson Simon.
Simon, who spoke in an interview with DAILY POST on Tuesday, said economists, including himself, had supported the removal of the subsidy before Tinubu assumed office because of the enormous resources the government was spending to keep petrol prices low.
He, however, said the justification for the policy was that resources previously spent on subsidy would be redirected to critical sectors such as education, healthcare and infrastructure.
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