When President Tinubu, on May 29, 2023 said ‘subsidy is gone ‘, what he was saying is that private refineries can come on stream without having to compete with subsidized imported fuel.

Dangote Refinery was never going to start operation except fuel subsidy was removed but propagandists said that Tinubu will not let it thrive because he has an imaginary refinery in Malta.

There were a lot of teething problems at the start because it was the first time the country would be having a major private refinery.

These challenges were expected by people whose minds are fertile.

While some saw only the initial pains, we saw the long term gains.

Some projected that a litre would cost N2,000 or more.

Their counterparts in the forex business said that a dollar would exchange for N5,000.

Everyone with an Internet compliant phone and data became expert in oil and gas and in foreign exchange market.

My benchmark for celebration was N700 and I said so publicly.

So when today, Dangote Refinery reduced the ex-depot rate from N828 to N699 per litre, my heart rejoices because things will get better for Nigerians.

We’ll recall that even during our so called subsidy regime, at a time like this, 13 days to Christmas, queues would have started at fuel stations across the country and black marketers would sell a litre for over N800.

It was a terrible experience but now, there is no fuel station in Nigeria that has more than 5 vehicles at a pump at a time.

It was a very difficult decision to make but it was the right decision.

That is a sign of true leadership.

It was hard but relief has come.

Things can only get better.

SWA