Professor Ogunyemi of the African Union University has warned that the return of petroleum subsidies in Nigeria could lead to the collapse of 15 northern states. The professor explained that the subsidy policy, which had been suspended, could destabilize the region’s economy if reintroduced.
The warning comes amid ongoing debates about energy policy and economic recovery in Nigeria. Subsidies had been removed in 2016 to reduce government expenditure and attract foreign investment. However, critics argue that the removal caused hardship for millions of Nigerians, particularly in the north.
Professor Ogunyemi emphasized that the northern states, already struggling with economic challenges, could face severe consequences if subsidies are reintroduced. He called for a balanced approach to energy policy that considers both economic stability and public welfare.
The comments have sparked discussions among policymakers and economists about the long-term impact of subsidy policies on regional development.
