Tinubu’s Bold Move: Ending Nigeria’s Double Subsidy Trap
For decades, Nigeria’s two most important institutions—the NNPC and the CBN—were reduced from assets to liabilities. The NNPC was busy subsidizing petrol, while the CBN was subsidizing dollars. Together, they dragged the nation into an economic black hole. Instead of strengthening the country, they crippled it. Nigeria reached a point where it had to borrow…

