Former Nigerian President, Olusegun Obasanjo has condemned president Bola Tinubu’s administration approach in removing the fuel subsidy, warning of the increased hardship it will cause for ordinary Nigerians.
Obasanjo, during an interview with Financial times, said that the government should have prioritized reducing the hardship caused by the subsidy removal, rather than implementing the policy in a hasty manner.
He said:
“There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” he stressed.
The former President stressed the need for investor confidence in Nigeria, advocating for a shift from a transactional economy to a transformational one. “You have to go from transactional economy to transformational economy.”
Post Category: News
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