By Luke Onyekakeyah
Ordinarily, the removal of subsidy on energy sources – petrol, kerosene, diesel and electricity would free up billions of naira for government to plow into other social and economic needs such as infrastructural development, give incentive for domestic refineries to produce more petroleum products, reduce the country’s over dependence on imported fuel, boost the economy and create jobs. Some of these are very contentious in the Nigerian context.
This line of thinking may be possible for stable economies and not one that is deep in crisis like Nigeria. Truth is that the removal of subsidy is an ill wind that could collapse the beleaguered and fragile economy of Nigeria.
