Don’t end fuel subsidies, watch the borders!
Economies are driven by people who have money to invest in small businesses. The income is then used to educate people, who go on to make even more businesses. For this to happen, a number of nigerians need to have money in their pocket. That’s what the fuel subsidy does - it increases the amount of cash available to a wide number of people. It also makes electricity and transportation cheaper. Ending the fuel subsidy means destroying a part of the means that people have to push themselves out of poverty. It means giving back the power to the Government, and waiting for big-daddy to decide what to do with the oil money.
My alternative solution: Place CC cameras at every single road that leads out of the country, and every border crossing. Make every tanker leaving the country have to display its contents via camera. This will end all land smuggling, and water smuggling is a much much smaller part of the problem.
Fuel subsidies drive economic growth. They should not be ended.
