If the whole idea of fuel subsidy is to pass on benefits to the poor, then we must all agree that it is not working. The benefits are going to importers of fuel, oil majors and upper and middle class Nigerians who can afford to live in the most urbanised areas of Nigeria which are the only places where fuel is still sold at the official rate.
Our people in the North-east and the Niger Delta have been buying petrol at black market prices for decades. Of what use is fuel subsidy to them? Is this not part of the reason why they sometimes feel alienated from Nigeria?
In the most recent data released by the International Monetary Fund (IMF), the Democratic Republic of Congo is rated the poorest nation in the world with a per capita income of less than $400. But the truth is that if you isolate the North-east of Nigeria from the rest of Nigeria and you compare their per capita income to that of the Congo DRC, it will be clear that the North-east of Nigeria is the poorest part of planet earth.



















