– 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
The presidency has finally reacted to the increment of fuel prices.in the country. According to the presidency, 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 party rebuked allegations that the increment ill- timed and ill-advised.
“To stop the mismanagement of taxpayer money, eliminate corruption associated with subsidies on petroleum products, power, fertilizer among others, the administration took the decision to implement long-delayed reforms, withdraw and allow
the market to determine their prices.
“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.
The presidency also claimed that Buhari did what other administration cannot do by removing subsidy
Many Nigerians have expressed frustration over the recent fuel price increase by the federal government.
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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