PINK REPUBLIC/ MY BLOG IS A STORY MARATHON.

 When Ignorance Masquerades as Economic Critique: A Rejoinder to Suyi Ayodele: By Tanimu Yakubu There is criticism, and there is confusion elevated to performance art. Suyi Ayodele’s “History Tinubu Should Have Learnt” is not an argument—it is a cascade of assertions built on a startling ignorance of how modern economies function. It is one thing to oppose policy. It is quite another to do so while demonstrating no working knowledge of public finance, sovereign borrowing, external reserves, or international trade architecture. Mr Ayodele manages all four confidently. Subsidy Removal: Fiscal Space Is Not a Cash Windfall The article’s animating question—why a government that removed subsidies still borrows—rests on a false premise. Fuel subsidy removal does not produce a pile of surplus cash. It stops a haemorrhage. It reduces a recurrent fiscal burden that had become structurally unsustainable. What it creates is fiscal space, not fiscal abundance. Nigeria remains a developing econo...