President Bola Tinubu's government has hinted that it is still paying for subsidies on petrol. Mrs Olu Arowolo Verheijen, the Special Adviser to the President on Energy, dropped the hint while addressing journalists over the weekend. There are claims that, despite announcing the removal of subsidy, the Nigerian Government led by Tinubu is still subsidizing the price of premium motor spirit, PMS, otherwise known as fuel.
However, the government has a prerogative, whether in the US, in the West, or in Asia, all of them have a prerogative to maintain price stability. 'All governments have the prerogative to maintain price stability and not allow prices to fluctuate. If prices fluctuate, they reserve the right to intervene to avoid social unrest. Even in the US, during the COVID, there were a lot of expressionist groups, and there were also subsidies. 'All governments deserve that right.