•Dele Oye: Trillions recorded by NNPCL is subsidy in disguise
By Nnamdi Ojiego
When President Bola Tinubu declared on May 29, 2023 that “fuel subsidy is gone,” it marked what many believed was the end of one of Nigeria’s most expensive and controversial fiscal policies.
The announcement triggered an immediate rise in petrol prices, sparked nationwide protests, and was defended by the government as a painful but necessary reform to free up public funds for infrastructure, education, healthcare and other critical sectors.
More than three years later, however, a fresh debate has emerged over whether the subsidy actually disappeared or merely changed form.
