The 10-day protest against bad governance which commenced on Thursday, August 1, 2024, is proving to be about the most effective demonstration by the populace against political actors in recent history.

The only rage against the government that compares with it may be the demonstrations against military rule, notably the Anti-SAP riots and then the June 12 demonstrations to affirm the election of Chief Moshood Abiola as president of Nigeria.

Remarkably, one of the leading protesting political practitioners at that time, Asiwaju Bola Tinubu has now become the object of political discontent, being the incumbent president of the country. 

Senator Shehu Sani, a veteran of many pro-democracy struggles himself confessed it not too long ago that Tinubu was the financier and godfather of many protests that were staged to enthrone democracy.

Even after the enthronement of democracy, the protest blood continued to flow in Tinubu culminating in his frontline role in the anti-fuel price hike of 2012.

However, the protest that confronted Tinubu last Thursday would be said to be unprecedented in the annals of the Fourth Republic. 

For a government that came to power with less than a majority of the votes, it spells a serious problem for him that the whole country rose in near unison against the administration.

In the past, protests, riots, and such were mostly undermined by the political, ethnic, and religious sentiments that divide the country.

However, this time, the administration through its hunger-inflicting policies was able to galvanize all sentiments in the country in unison against it.

 One of the most poignant demonstrations was the case in Jos, Plateau State, where Christians formed a ring around their Muslim colleagues while they were observing afternoon prayers.

Tinubu with his accolades as the financier and facilitator of several successful protests would have been shaken by the extent to which Nigerians came out in disapproval of his policies.

The vengeance of the protesters this week can easily be contrasted with the relative ease of things when Tinubu demonstrated against Jonathan in 2012.

At that time fuel prices were hiked by the Goodluck Jonathan administration from about N87 per litre to more than N140. It was a hike that Tinubu and other opposition forces at that time lamented as the wickedness of the administration and the then-ruling Peoples Democratic Party, PDP.

However, under his watch as president, the same product has jumped more than 400% with price ranging anything from N617 to as much as N850 officially at the pump stations in Abuja.

That is only part of the story of the hardship that Nigerians have had to endure. But it is at the root of the crisis that is now bedeviling the country with the most existential risk to our country’s democracy.

The administration’s ill-advised decision to withdraw petrol subsidy which the president and some of his handlers initially hailed as a matter of courage has now come to hunt him.

The decision was pre-empted by what many political actors have repeatedly alleged as the corruption in the oil subsidy regime.

This correspondent, however, submits that the failure of successive administrations to frontally confront that corruption is rather the bane of the crisis.

As minister of petroleum, the president owes himself the duty of using his full powers to cleanse the sector. However, it is unfortunate that the same song of oil subsidy fraud has continued to be sung as if it is impossible to uproot it.

It is more unfortunate that the administration in Nigeria has continued to tie itself to the apron strings of the Bretton Woods institutions whose policies have over time been seen to be unfavourable to Africa and the Third World.

These institutions frown at the disposal of subsidies in Africa but close their eyes to the mobilisaiton of subsidies in Europe, America, and Japan.

Farmers in Japan and South Korea are for example the most pampered farmers in the world given that they enjoy the highest level of subsidy in the world.

The European Union also devotes a high chunk of its annual budget towards farm and energy subsidies. So, the argument that subsidy is anathema to even capitalism does not hold.

What the government needs to do is to manage the subsidy to ensure that it turns into a competitive advantage for the country in the broader economy.

The argument that subsidy will benefit Nigeria’s neighbours does not arise so long as we still have effective Customs and border control agencies. If they do not perform and there is leakage, then the officers involved should be fired.

It may be a sort of consolation for Tinubu that Nigerians were not focused on him alone, but on the political class including his APC members and the opposition in the PDP where they hold offices in the states.

Nigerians today are despiteful of both APC and PDP because when it comes to the mismanagement of the economy, that with very few exceptions almost all political actors behave the same. What Nigerians demand of them today is to repent and perhaps we will forgive them.