Nigeria: Three Myths About Subsidy Removal

[Premium Times] On 1 January, 2012, the administration of President Goodluck Jonathan announced a decision to remove the petroleum subsidy. The current rulers of Nigeria were then the main Opposition. They did oppose the measure quite volubly. The continental and global context then was quite febrile. The Arab Spring was then in full swing and the fear of a continental contagion was real when the country rose in a well-orchestrated protest against the removal of fuel subsidy in January 2012.