By Onyemaechi Eze
The removal of fuel subsidy by President Bola Ahmed Tinubu on the first day of assumption of office was ill-timed, out-rightly ill-advised and uncalled for. The president with his team was in a better position to understand that without an enabling environment, a team on ground to drive policies, decisions made without right thoughts are always counter-productive. Nigeria is unfortunately a nation where government does not function as expected even when a team is in place, let alone when there is none.
The decision had upon announcement immediately jolted the foundation of market forces and sent shock waves through the fabrics of the general economy. Consequently, the people were exposed to unimaginable hardships. Everyone is sad, pained and disenchanted as cost of goods and services increased exponentially and still increasing. The exchange rate along with inflationary trend leaves everyone dazed. Even the rich and politicians are crying!
