Dear 9ja, “When the music changes, the dancers find a new step”. Our country stands at the edge of a precipice. Inflation has reached a staggering 29.9% , crushing living standards and sparking social unrest. This dire situation is fuelled by many names ‘’ currency depreciation, “subsidy removal”, “insecurity’’, “ food price hike ” and the ripple effect has created a social tinderbox. Hunger protests and unrest threaten to engulf the nation. Yet this is not a time for panic but for decisive action. In this piece, I pen down some potential ideas drawing inspiration from a perspective informed by global examples and local realities. Addressing the Immediate Needs Targeted Subsidies:While complete subsidy removal is desirable in the long run, a phased approach is crucial. Identify the most vulnerable populations and provide targeted subsidies for essential goods like food. This protects the most vulnerable while reducing overall subsidy burden. Egypt's targeted f...
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