Subsidy removal: History will be kind to Buhari, presidency says

Subsidy removal: History will be kind to Buhari, presidency says

- History will be kind to President Buhari according to the presidency

- The presidency also claimed that Buhari did what other administration cannot do by removing subsidy

- Going further, the presidency said the timing of the removal is not wrong

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The presidency has finally reacted to the increment of fuel prices in the country. According to Malam Garba Shehu, Buhari’s senior special assistant on media and publicity who made this known in a statement in Abuja on Sunday, September 6, Buhari's actions were driven by the desire to stop the mismanagement of taxpayer money, the presidency.

The presidency disclosed this while reacting to the complaints and protests trailing recent fuel price and electricity tariff hikes from Labour, civil society groups and opposition figures.

Going further, the presidency rebuked allegations that the increment ill-timed and ill-advised.

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It added that subsidy removal in these sectors had long been foreseen by successive administrations as game changers in search of solutions to move forward with the nation’s development.

According to him, these are reforms that are necessary and overdue.

Specifically, the presidency gives reasons why subsidies are removed.

1. To stop the mismanagement of taxpayer money

2. Eliminate corruption associated with subsidies on petroleum products, power, fertilizer among others.

The Buhari administration added that it took the decision to implement long-delayed reforms, withdraw and allow the market to determine their prices.

Subsidy removal: History will be kind to Buhari, presidency says

The presidency also claimed that Buhari did what other administration cannot do by removing subsidy
Source: Twitter

“Subsidy removal in these sectors had long been foreseen by successive administrations as game changers in search of solutions to move forward with the nation’s development.

“These are reforms that are necessary and overdue. Blueprint upon blueprint, timeline upon timeline had come and gone but courage to take bold decisions was not there," Shehu says.

Subsidy removal: History will be kind to Buhari for removing subsidies, presidency says

The presidency also claimed that Buhari did what other administration cannot do by removing subsidy
Source: Twitter

Many Nigerians have expressed frustration over the recent fuel price increase by the federal government.

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In a poll conducted by Legit.ng on Thursday, September 3, many of the respondents say they are not happy with the new development.

While 47.6% of the respondents say they are frustrated over the price hike, 35.9% say they are angry over the development, 11.2% say they will adjust to the new realities while 5.3% of the respondents are of the opinion that the hike was caused by the COVID-19 pandemic.

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Source: Legit Nigeria

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