Fred Nwaozor The last time I checked, the Federal Government had reportedly planned to reduce the price of the Premium Motor Spirit (PMS), popularly known as petrol. However, the news making the rounds that the proposed price reduction could cost the Nigerian government more than one trillion naira has once again stirred public anxiety over the sincerity of the country's economic reform agenda. At a time when the administration of President Bola Tinubu insists that petrol subsidy has been completely removed, the prospect of another government-funded intervention raises fundamental questions about the direction, consistency and sustainability of its fiscal policies. Although the reported figure and the precise mechanism of the proposed price reduction require official clarification, the political implications are already considerable. Nigerians are entitled to ask whether the government is pursuing a coherent economic strategy or merely impr...
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