The biggest criticism of the fuel subsidy removal and the liberalisation of the foreign exchange market has never been about the intrinsic merits of the policies themselves, but about their sequencing, execution, and the government’s apparent inability to cushion their socioeconomic consequences.
So, bold and courageous policies, but grossly inadequate preparation
In the same vein, the Supreme Court’s landmark judgment, fought for by the Federal Government to grant fiscal autonomy to the local governments, albeit within limited constitutional latitude, generated so much buzz and applause for the government. But again, it became a mere paper giant as the entire process was circumvented and hijacked by the state governors, creating deeper opacity in the financial architecture of the councils.
President Tinubu’s capacity to dare the socio-political status quo, enunciate, and propagate sound, transformative, and impactful reforms is not in doubt. However, the growing concern over poor consequence management, given the visible
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