Petroleum Subsidy Removal: When The Metrics and Solutions Fail to Add Up

Following President Bola Tinubu’s inauguration speech that ended oil subsidy in the country, there has been a consequent rise in petroleum pump price, food inflation, high cost of transportation and, in general, a high cost of living. With the existent economic hardship, there are growing fears of resultant violent street protests, as seen in Kenya. Experts quiz the metrics and arrangements behind the current pump price and propose the need to reduce it. Addressing economic hardships is a step in nipping the violent conflict that may arise. 

In this edition of Nextier Security Discourse, Dr Ndubuisi Nwokolo and Chief Madaki Ameh discuss the dynamics around petroleum subsidy removal from the lens of when the metrics and solutions fail to add up.