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That NNPC Tweet

Coronavirus has already rewired the architecture of the Nigerian economy. It turns out that only coronavirus could make Nigeria execute a policy which for years it has refused to do. Yes, subsidy is gone. Under-recovery is gone. And those unfortunate transfers of the commonwealth to private purses gone! Watch the key phrase, “Going forward”. That is the key one because if oil jumps back to say $62 per barrel, Nigerian politicians could just overrule NNPC.

I have always written that if you leave NNPC alone, it has brilliant people to do the right things for Nigeria.  But politicians will never allow the corporation, but with everyone on his or her knees, it is a season of hail mary pass (as in American football).

 

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