Tinubu’s Subsidy-Free Subsidy And Neoliberalism’s Collapse

By Farooq A. KperogiApparently, the omniscient, omnicompetent “invisible hand” of the market has suddenly developed an infirmity that requires the helping hand of the Nigerian state. After more than three years of publicly treating petrol-price intervention as economic blasphemy, President Bola Ahmed Tinubu has authorized the Nigerian National Petroleum Company to surrender its retail profit margin for a month so Nigerians can buy petrol more cheaply.