A professor of Political Economy, Pat Utomi, on Thursday called for the return of subsidy on petroleum products.
He made this call amid the scarcity of the essential commodity as well as a hike in the price of petrol.
“The first thing to do is to recognise essential things that Nigerians need fuel for. I will subsidise those things,” he said on Channels Television’s Politics Today.
Nigeria is already struggling with higher living costs after government reforms to end a fuel subsidy and free the naira currency drove a spike in inflation.
Fuel scarcities have been more frequent since President Bola Tinubu removed the costly fuel subsidies that saw the government pay billions of dollars a year to keep the price of petrol artificially low.
Its price has since more than tripled in some states, with a knock-on effect on food and transport costs.
