Fuel Subsidy Is Back Says Former President Of Nigeria, President Olusegun Obasanjo

 

Fuel subsidy is back ? Obasanjo 

 

 Father Olusegun Obansanjo, a forruuner of Good Government and democratic Activist who has been seen in many Occasion demonstrating his commitment towards Better Nigeria through his Ministry of "Letter Writing and Destroying His Party Membership" on different Occasions has come out to tell Nigerians what they needed to hear- "Fuel Subsidy Is Back"

 

Former President, Olusegun Obasanjo, has revealed that fuel subsidy which was removed by the Federal Government in 2023 has been reintroduced due to inflation. 

 

Obasanjo mentioned this during a recent interview with the Financial Times. He faulted the manner in which the subsidy was removed by the government.

 

According to him, the government should have implemented some measures before the subsidy removal. He, however, explained that the subsidy has “come back” due to the inflation rate.

 

“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,” Obasanjo said

 

President Bola Tinubu during his inaugural address on May 29, 2023, had declared that fuel subsidy “is gone''. The development has led to the increase of petrol price from about N200 to over N600 per litre.

 

Fuel Subsidy Is Back Says Former President Of Nigeria, President Olusegun Obasanjo Fuel Subsidy Is Back Says Former President Of Nigeria, President Olusegun Obasanjo Reviewed by Lenee Barine on 10:22 Rating: 5

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