By Simbo Olorunfemi
In the wake of this fuel scarcity, contrived or real depending on who is doing the talking, it would appear that the end-game, for those behind the mask, might just be about instituting another regime of fuel subsidy. The plan seems to ‘orchestrate’ or ‘showcase’ another round of fuel scarcity at a highly opportuned time in order to fly the kite of a price hike, which they know will be politically suicidal and economically questionable, which once rejected can then serve as basis for putting in place a subsidy regime through which the payment of a ‘differential’ between a profitable price for importation and the present retail price can be institutionalised, even possibly factored into the budget by the ever-responsive legislative arm.
It is instructive that Minister Kachickwu has found it necessary to issue a statement…
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