By Rotimi Fasan
At the end of July this year, President Bola Ahmed Tinubu said in a nationwide broadcast that Nigeria had been able to save well over a trillion naira following the removal of subsidy on petrol. This was money that would, otherwise, have gone into the dark hole into which the fuel subsidy went. I think it’s fair to say, in the wake of the unbearable suffering Nigerians have been passing through since the end of May that some kind of support (read subsidy) was being enjoyed by Nigerians.
It was just that the effect of it was very minimal compared to the amount we are told went into sustaining the oil subsidy bogey. The best part of the subsidy money went into the pockets and bank accounts of shadowy players in the oil sector, including oil marketers that are too quick to make Nigerians groan by their Shylock-like ways.