By Adekunle Adekoya
Time flies. Does time really fly? Whichever, next Wednesday will mark the first anniversary of the Tinubu presidency. May 29, 2023, was a day many Nigerians will not forget in a hurry. It was on that day that flimsy fabrics holding economic strands together was brutally rent asunder by a proclamation that we are all now familiar with: removal of subsidy on petrol. Up till the moment Asiwaju Bola Tinubu was reading his inaugural address to the nation, petrol sold for N187 per litre.
Before he finished reading the address, many petrol marketers shut their stations, and queues began growing at filling stations. By the following day, May 30, reality dawned on Nigerians as they awoke to the reality of higher prices of petrol. The increase was threefold; a litre of petrol was selling for N568, and that was the cheapest, available only at NNPC Retail stations. Other marketers, major or minor sold for prices anywhere between N700 and N650 in the Lagos and Abuja areas.
