Tinubu's Fuel Subsidy Removal: A Recipe for Existential Hardship

The recent removal of fuel subsidies by the Tinubu administration has plunged Nigeria into a state of existential hardship. The price of petrol has skyrocketed, making it unaffordable for many people. This has had a knock-on effect on the cost of living, making it difficult for people to afford food, transportation, and other basic necessities.
The removal of fuel subsidies has also had a negative impact on the economy. The government is now losing billions of Naira in revenue, which is having a ripple effect on other sectors of the economy. Businesses are struggling to operate, and unemployment is rising.
The existential hardship caused by the removal of fuel subsidies is particularly acute for the poor and vulnerable. These people are already struggling to make ends meet, and the rising cost of living is making it even harder. Many people are now going hungry, and there is a growing sense of desperation.
The Tinubu administration has said that the removal of fuel subsidies is necessary to save the economy. However, many people believe that the government is simply trying to line its own pockets. The government has not offered any concrete plans to help those who are struggling, and there is a growing sense of anger and frustration.
The removal of fuel subsidies is a major blow to the Nigerian people. It has plunged the country into a state of existential hardship, and there is no end in sight. The government must take urgent action to address the situation, or the country could face a serious social and economic crisis.
What Can Be Done?
There are a number of things that the government can do to help ease the hardship caused by the removal of fuel subsidies. These include:

• Providing financial assistance to the poor and vulnerable.
• Increasing the supply of affordable food.
• Creating jobs.
• Investing in infrastructure.
• Addressing the root causes of corruption.

The government must also be transparent about its plans for the money that it is saving from the removal of fuel subsidies. It must ensure that this money is used to benefit the people, not to enrich the already wealthy.
The removal of fuel subsidies is a serious challenge, but it is not insurmountable. If the government takes the right steps, it can help to ease the hardship and lay the foundation for a more prosperous future.