karo93:
Theoretically removal of subsidy frees us trillions of naira that should theoretically be used to improve the economy....practically its not true. removal of subsidy frees up trillions of naira to be shared by the ruling class with the masses being poorer for it.Nigeria once had such free money that could be used for development. it was called the excess crude account.....and one day the ruling class decided that the money should be shared.....and thats how every kobo saved from subsidy will be shared too. lets not deceive ourselves.Its either the cabal in petrol import steal this money or the ruling class steals this money. either way we wont get more than our salaries at the end of the montheventually its either corruption plus our expensive government plus allowances to traditional rulers bankrupt us or subsidy does. removal of subsidy wont stop that bankruptcy