By Dan Agbese
Vice-president Yemi Osinbajo was in Washington last week to talk shop with US and World Bank officials on issues that matter to our country and the rest of the world. His takeaway from that trip will most likely be the brief lecture given him by the World Bank Group president, David Malpass, on the management of our stubborn national economy. Osinbajo was shopping for support from the World Bank on the vexed challenge that has defeated every president since our return to civil rule in 1999: fuel subsidy. Yes, that again.
Malpass thought the vice-president was looking for a solution in the wrong place because, as we say in this country, the solution is in his sokoto, not in Sokoto. The Daily Times online publication captured the essence of his advice to the vice-president with this headline: “World Bank to Osinbajo: Go home, address your staggered exchange rates, over-bloated fuel subsidy.”
