Fuel subsidy

By Uzair Adam

The Edo State Government has indefinitely postponed the resumption of all schools in the state in response to the recent hike in fuel prices.

This decision was conveyed through a memo from Ojo Akin-Longe, the Permanent Secretary of the Ministry of Education, in Benin on Saturday.

According to the memo, schools, which were set to reopen on Monday, September 9, 2024, will remain closed until further notice.

“The Edo State Government announces the postponement of the resumption of all public and private schools, originally scheduled for September 9, 2024, until further notice,” stated Akin-Longe.

The statement explained that the rising tension stemming from the increase in fuel prices and the financial strain on parents and guardians prompted the government’s decision.

In light of this, the government urged parents and caregivers to closely monitor their children during this period of uncertainty.

By Zayyad I. Muhammad 

There is a massive call for President Bola Ahmed Tinubu to restore the petroleum subsidy. The ongoing 10-day “End Bad Governance” protest and the high prices of commodities and services are the result of the removal of fuel subsidies.

If President Ahmed Bola Tinubu does not plan to restore petroleum subsidies, the government must find another way to reduce the price of petroleum products, especially premium motor spirit (PMS), popularly called petrol. Petrol is the lifeblood of any nation. The social problems arising from the aftermath of petroleum subsidy removal are purely local issues that require theoretical and practical solutions. 

Sometimes, the government relies solely on experts who understand the problem from a theoretical perspective, forgetting the real players in the petroleum industry who understand the problem from all its angles: importation, depot loading, haulage, retailing, and manpower management.

Apart from the subsidy, there are other ways to drastically reduce the price of petrol. Tinubu should critically consider restoring the Petroleum Equalisation Fund (PEF). Since it is a contributory fund, its source is principally the net surplus revenue recovered from oil marketing companies. The bridging claims paid to petroleum marketers automatically equalise petroleum prices throughout Nigeria while maintaining affordability.

Aquila’s innovative electronic business solution has eliminated any irregular distribution and claims of bridged regulated petroleum products. The Aquila project is an excellent electronic business solution designed to track the movement of petroleum products throughout Nigeria.

Though the Petroleum Industry Act (PIA), budgetary provisions, and some economic reasons were the guiding principles that led Tinubu to remove subsidies and float the naira, sometimes national interests—security, economic, and social order—must be paramount. It’s purely a local problem that requires purely home-grown solutions.

Some countries painstakingly control the prices of petrol for national security. These countries often have uniform prices for petrol across the entire country. For example, Saudi Arabia, the United Arab Emirates, India, Malaysia, Iran, and Venezuela. In most countries, national security overrides other considerations; the government has significant control over fuel pricing and distribution, often through subsidies or state-owned oil companies.

Take India, for instance. India controls petrol prices through market dynamics and government policies, such as daily price adjustments based on the international price of crude oil. The Indian government sometimes provides subsidies to control the prices of petroleum products. This helps keep the prices within a certain range and makes them more affordable for the general public.

The Indian government achieves this through the national oil companies Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL). Another mechanism India uses in the price control measures to address inflation concerns, freight, and logistics is that the government can intervene directly by adjusting excise duties or providing relief to the oil marketers.

The Tinubu government should critically consider reintroducing the Petroleum Equalisation Fund. It would sharply reduce petrol prices, bring uniformity in prices throughout Nigeria, bring the 21 NNPC depots to life, restore many lost jobs, and double-check product quality.

Zayyad I. Muhammad writes from Abuja via zaymohd@yahoo.com.

By Lawan Bukar Maigana 

The sagacious former Governor of Kaduna State, Malam Nasir El-Rufai, is once again in the news with his usual controversial stance on government policies and decisions. 

Last week, after granting journalists an interview about his presentation at a capacity-building training for Borno’s top government officials in Maiduguri, he became the hot story on every national daily, both online and offline. 

According to him, the Nigerian government has reconsidered returning fuel subsidies, mentioning that President Tinubu’s administration secretly pays billions of Naira for fuel subsidies.

As a journalist specialising in fact-checking, I needed to investigate his claim because there were no credibility elements in his statements. I quickly ran a keyword search, and the result revealed that the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has refuted the claim and described it as ‘wrong.’

The trouble with El-Rufai started when the Senate withheld his confirmation over security checks during the ministerial screening in August 2023, even though he is a seasoned politician who used to be a minister. 

Since then, he left Nigeria to go abroad, failing to attend his son’s wedding ceremony, Bello Nasir El-Rufai. After his return from abroad, he was seen visiting strong politicians from the opposition party, which was said to be a political plot against the 2027 presidential elections. 

This was justified by his son, Bello El-Rufai, in a podcast interview with Seun of Channels Television, where he mentioned that his father and the President have never been on good terms, citing exchanges of unfriendly remarks in the past.

It is human nature to leave when discomforted or offended; therefore, Malam has the right to not only leave the All Progressive Congress (APC) but also form a new party, let alone merge with cult-like parties like the Labour Party (LP). 

El-Rufai is an outspoken politician whose relevance has passed because he couldn’t deliver his state to the APC, indicating he is now politically weak. It’s clear that politics transcends outspokenness. 

Another trouble facing El-Rufai now is with his successor, Governor Uba Sani. At a town hall meeting, he said that he inherited a huge debt burden of $587m, N85bn, and 115 contractual liabilities from the immediate past administration of Nasir El-Rufai, complaining that the huge debt has eaten deep into the state’s federal allocation. 

This has necessitated the formation of a committee by the Kaduna State House Assembly to probe El-Rufai’s administration, even though he has always proudly challenged the people of Kaduna to uncover any financial wrongdoing by him.

Allegedly, Bello El-Rufai, who proudly identifies himself as a replica and a clone copy of his father in politics, has thrown the public into scepticism regarding his father’s integrity. He was said to have sent insulting words and threats to the Speaker of Kaduna State Assembly, Hon. Yusuf Liman, since the establishment of the committee to probe his father’s administration that drowned Kaduna in debts, amounting to billions of Naira.

If I were El-Rufai’s son, Bello, I would appreciate the Kaduna State Government’s efforts to uphold justice and accountability in the state. I would privately intervene respectfully, if necessary, without being jittery about the outcome of the investigation.

Lawan Bukar Maigana writes from Maiduguri and can be reached via lawanbukarmaigana@gmail.com.

By Sabiu Abdullahi 

The federal government has introduced two disbursement programmes, the Presidential Conditional Grant and the Presidential Palliative Loan, to inject a total of N150 billion into the economy. 

According to a statement from the Minister for Industry, Trade and Investment, Dr. Doris Uzoka-Anite, the programmes are strategically designed to support businesses grappling with the aftermath of the fuel subsidy removal implemented on June 1. 

Under the Presidential Conditional Grant Programme, the government plans to disburse a grant sum of N50,000.00 to nanobusinesses across all 774 local government areas in the country.

Collaborating with various stakeholders, including state and local governments, federal legislators, federal ministers, banks, and others, the programme aims to provide relief to the most grassroots-level enterprises.

Eligible nanobusiness owners are required to furnish proof of residence or business address in their local government area, along with personal and bank account details, for identity verification. 

The government has also earmarked N75 billion for Micro, Small, and Medium-sized Enterprises (MSMEs) and an additional N75 billion specifically for manufacturers.

The loan facilities, offered at a single-digit interest rate of 9 percent per year, aim to stimulate growth and address financial challenges faced by businesses. 

MSMEs can access loans up to N1 million with a three-year repayment period, while manufacturers can secure up to N1 billion for working capital with repayment terms of one year for working capital or five years for machinery and equipment.

The application process for these loans involves submission through a dedicated portal, with access facilitated through participating banks.

Applicants are required to meet their respective banks’ risk assessment criteria. 

Noting its commitment to economic development and empowerment, the Federal Government believes these initiatives will foster entrepreneurship, spur job creation, and contribute to the overall economic recovery of the nation.

Interested parties can find more information and apply on the dedicated website for the programmes.

By Yusufu Musa

During his inaugural address, President Bola Tinubu made what appeared to be a bold statement – ‘fuel subsidy is gone’- which I received, as many people who advocate for channelling public resources to nation building,  in an inexpressible ecstasy. Though discontinuing subsidy payments made the list of his campaign promises, like his close rivals, the duo of Peter Obi of the LP and Atiku Abubakar of the PDP, the declaration came sooner than expected. 

After watching his debut speech as president, many people were unsure when the order would come into force. For instance, a news item made the rounds in the first quarter of this year, suggesting that the immediate past government had dropped its plans of removing the PMS subsidy. The then minister for finance, Zainab Ahmed, swiftly issued a release to discredit the story. She said the public misunderstood their stance.

According to her, the government only expanded the hitherto planned implementation of the subsidy removal team to allow for the participation of representatives of the incoming government. She insisted that the federal government made estimates for subsidy payments until June 30, and there would be no funds for that after this date. 

We gathered that Nigerians would continue buying fuel at the subsidised rate of N195 per litre. We misinterpreted it. A day later, the NNPCL raised its pump price to N550. But, had the company waited until July 1 to adjust, Nigerians would have spent long hours in petrol retail outlets. Marketers would have hoarded the fuel to create an artificial scarcity to ‘cash out’ after July 1.

It took Nigerians not long to feel the attendant effects of the policy. Transport fares immediately tripled, and prices of consumable goods have been on the increase. However, an average Nigerian is convinced that the action is necessary and is for our collective good. So, we are ready to make sacrifices for the nation. Two, a worker in Abuja who boards a cab to go to his workplace and visits his hometown only during festive thought that big men fuel their motorcades and the government only subsidises their ostentation.

From Jonathan to Buhari, corruption in the system is the loudest criticism against the subsidy. Critics of it argued, and still do that it benefits a handful of people, ‘the oil cabal’. For instance, Malam Isah Yuguda, a chieftain of the APC, disclosed that one of the cabal members approached President Buhari to say they were tired of making money [from subsidies]. Another reservation is that some marketers illegally export the product to our neighbours such as Niger, Cameroon and Benin, thus placing a heavier burden on our government to pay subsidies for what other countries enjoy. They told us that our daily consumption was not consummate with our needs. 

In 2012, Ngozi Iweala, the then coordinating minister of economy, was in Lagos to tell proponents of subsidies that the subsidy funds would reduce maternal deaths in the country and the infrastructural deficit. Sanusi Lamido Sanusi followed the same pattern of thought. Their articulate points could not help convince Nigerians that paying subsidies was evil.

President Buhari was the fiercest in putting forward arguments against subsidies. He is credited with a question he did not answer in his eight years as our president – ‘Who is subsidising who?’  One of those being subsidised was in his office, but he did not take the opportunity to ask him questions. Nonetheless, his administration undertook to let the subsidies go, but in phases. The plan was to go after the PMS subsidy in the final phase.

Governors, who budget billions of naira in the name of security votes whose details are never in the public space, were angry that Buhari was too slow in abolishing subsidies for the health of the country’s economy. 

With borrowing that became a ritual under the last government and the constant blame on the subsidy as the greatest impediment to our development as a nation, we were looking forward to departing from the tradition to set the economy on the path of prosperity.

Four months after making one sentence, which we believed ended the subsidy regime, several papers reported that the government paid about 162bn for subsidy in August.  Onlookers have a reason to ask whether this removal will answer its purpose. Despite the hardship in the country, this news is utterly bad for Nigerians.

If the system encouraged corruption in the past and the government did away with it, how does it intend to convince Nigerians that large-scale corruption would not continue now that the subsidy is back? What assurance would the Tinubu’s government give Nigerians that importing the product to other countries will no longer continue? 

Continuing to vote for such a big figure in enriching oil titans, it repeatedly pointed out they are the actual beneficiaries of subsidies, which means it has no satisfactory cause to starve the poor Nigerians any longer. The philosophy has been thrown out. The amount is not much different from what the previous governments were paying. It should unconditionally reverse the policy. 

Suffering is pronounced in towns and villages. Practical strategies to alleviate the hell are not forthcoming. The government, last month, considered distributing food items to the poor. It went as far as handing funds to state governors. That is not sustainable. It would be difficult, if not impossible, for one man to take more than a sack of grain home. This man has, say, five wards under his roof. There is another chapter of life after the palliative is gone. 

Yusufu Musa writes from Kaduna.

By Abdelghaffar Amoka

It is 100 days in office and six months after President Bola Ahmed Tinubu won the election, and the government seems directionless. It is more news that the hardship that President Muhammadu Buhari introduced us to has multiplied. Whether he removed the fuel subsidy or Buhari did, he has no excuse to be clueless for the past six months on the way forward. He asked for the job.

My problem is how our leaders are comfortable putting burdens on the people, burdens they have not prepared them to carry. There was a plan to remove the fuel subsidy. Common sense should tell them that it will affect purchasing power. It is that simple. But why was it so difficult to put up a parallel plan to stabilise the purchasing power of the people once the subsidy was removed? How some people are comfortable with a policy that does not follow the natural law of growth and development beats my imagination.

When a child is born, he is nurtured and trained to become an adult. He is either sent to school or learns a trade and gets empowered to take responsibility. He then gets a wife, has kids, and starts to take responsibility. Imagine giving the boy a wife with kids at 15 without empowering him to take care of the responsibility and expecting him to be fine. It is against the law of nature to burden anyone without preparing him for it.

Fuel subsidy removal was a long battle, and many people have campaigned to remove fuel subsidies since 2010. They made it look like the removal would save the government money for infrastructure and do wonders. But they never discussed the consequences of the removal on the people. How much have we saved for 100 days, and what have we achieved with it? What infrastructure is better than the general well-being of the people?

Funny enough, some of the advocates of the subsidy removal are currently complaining about the hardship on the land. That made me wonder what they were thinking when advocating for the removal. Some are even intellectuals. They thought subsidy was like a tap that you just switch off, and everything is fine. They think it’s that simple. The state government has now given money to share some stuff as palliative. Is 5kg of rice or Semovita all we need to overcome this heartless burden? Who are the people giving them economic advice?

There are three schools of thought on the post-fuel subsidy removal. Those benefitting from the removal will never see anything wrong with it. Those who feel we should endure the hardship and wait for the government to invest in infrastructure. Then, those who see everything wrong with the removal instead of fighting the corruption that shrouded fuel subsidies.

We are being advised to cut our expenses. They seem to have agreed with Buhari’s “Sharholiyah” (wasteful spending) principle. Where is the waste to cut? Those people think everyone has as much as they have to spend. How do you expect a junior staff working at the federal secretariat earning about N40k monthly to cut his expenses and manage? What will he cut? How do you expect a graduate working at the federal secretariat and earning about N60k monthly to cut costs? What will he cut?

For the first time since I became an adult,  federal government workers are being asked to work 2 or 3 days a week to reduce the cost of going to the office. Unfortunately, that will not help reduce the cost of living.

Fuel subsidy is removed, and we are expected to be patient and cope. School fees have increased due to the present economic reality, as acknowledged by FG, and we are expected to come with it. Floating naira to dollar in a country that imports 80% of its needs is a disaster.

The danger of keeping quiet.

It is no more news that crime rates have increased over the last months and are getting worse. Meanwhile, there are three classes of people: the upper, middle, and the lower class. The upper class is inaccessible. They have security escorts, bulletproof cars, tall fences, and gigantic gates with security dogs. The kids are abroad or well-secured. The middle class is accessible and lives not far away from the lower class. As far as the lower class is concerned, the upper and middle classes ( a fast-depleting class) are responsible for the difficulties they are experiencing.

As long as you can still manage to drive your car and feed, you belong to the haves as far as the lower class is concerned. As the crime rate soars, your house will be the first target to be vandalised and bugled. This narration from my friend, Muhammed Hashim Suleiman, keeps ringing the bell in my ear. The narration keeps reminding me of our likely danger in this situation. 

He managed to muster the courage to buy a few litres of petrol for his old Tokunbo car. The petrol station was swarming with people, young and old, not buying petrol but waiting for any buyer to saunter in, and they descended on that unlucky buyer begging for alms. After he purchased the few litres he could afford, entering his car became a struggle because the beggars were begging between him and the car. He silently ignored them and found his way inside the car. Then, a very old woman stood before the car until the petrol attendant shouted at her. 

Instead of leaving the front of my car, the old woman walked towards the driver’s side. On reaching his window, in a cold voice, she said: “Kun kwashe kuɗin ƙasar, kun bar mu da yunwa, yanzu muna roƙon ku abun da zamu ci amma kun hana mu. Wallahi, idan muka mutu da yunwa, sai Allah ya kama ku.” That: “You people have stolen the nation’s money and left us in hunger, now we are begging you for what to eat, but you won’t give us. If we die of hunger, I swear God will never allow you free.”

We are all victims of public embezzlement, but the old woman who happened to belong to the lower class is unaware of it. As we keep quiet adjusting to living with the burden placed on us by these elitists in government, know that the lower class that has been driven far below the poverty line has placed you on the same page with those that have stolen the nation’s money.

It is 100 days of disaster. I hope the government gets its acts together and be purposeful. Any government that fails in the general well-being of the people is a failed government.

Dear Nigerians who are supposed to be in the middle class but tending towards the lower class, If nothing is done and the time bomb should explode, you will be the first casualty. Your silence will cost you a lot. That will be a double casualty for a crime you and I are victims of.

Abdelghaffar Amoka Abdelmalik, PhD, wrote from Ahmadu Bello University, Zaria. He can be reached via aaabdelmalik@gmail.com.

By Muhammadu Sabiu 

The Nigeria Labour Congress (NLC) has declared a two-day nationwide warning strike set to take place on September 5th and 6th, with an ultimatum for the Federal Government to address the dire plight of the masses. 

This announcement was made by NLC President Joe Ajaero during a press conference held at the conclusion of the National Executive Council (NEC) meeting on Friday in Abuja. 

Ajaero, while delivering the communiqué jointly signed by Mr. Emmanuel Ugboaja, General Secretary of the Congress, emphasized that these decisions were the result of extensive deliberations within the NEC. 

The NLC has put the government on notice, stating that if no action is taken, a total and indefinite shutdown of the nation may occur within the next 14 to 21 working days. 

The primary objective of this strike action, Ajaero stated, is to compel the government to address the excruciating mass suffering and impoverishment experienced across the country.

By Lawan Bukar Maigana

The removal of fuel subsidy by President Bola Ahmed Tinubu has had far-ranging consequences, amplifying the existing economic hardships faced by millions of Nigerians. The nation is currently grappling with an unprecedented inflation rate in essential commodities, transportation and other services. As a result, a large proportion of Nigerians find themselves living below the poverty line, struggling to make ends meet. 

This development has directly contributed to the spiraling inflation rate, which has hit the prices of foodstuff, transportation and essential services the hardest. This has created a burden on the average Nigerians, as their meager income is further stretched, making it increasingly difficult to afford necessities. 

As I write this article, the bus fare from Maiduguri to Abuja is N10,500 which was previously N7,500 as reflected on a circular released by Borno Express Cooperation on June 1st, 2023. Kaduna to Maiduguri, which used to be N6000, is now N9000. 

In the event whereby vehicles are scarce at the garage, travelers pay N12,000 from Maiduguri to Kano which was formerly N6,500, a non-Borno Express driver confirmed. This is unbearable and unacceptable!

The economic downturn occasioned by subsidy removal has disproportionately affected the most vulnerable segments of society as many Nigerians are now living below the breadline, struggling to feed their families and maintain a decent standard of living. 

Nobody is spared from the unbearable consequences of the removal of fuel subsidies. Not even the bourgeois elites’ empire in the country. They, too, hide and cry. Who the subsidy removal benefits then? 

Civil servants, especially those working in state and local governments are among the primary victims of the removal of fuel subsidies as many of them can’t feed their families. A 100% increase in their salaries is a necessary step to restore their purchasing power and improve their quality of life. 

Additionally, an increase in civil servant salaries would contribute to the overall improvement of public services. It would attract and retain talented professionals who are essential for efficient service delivery. Adequate compensation would motivate civil servants to perform at their best, leading to a more productive and effective public sector.

Now, what about the unemployed and jobless massive population in the country? How would their well-being be improved? Who would provide for them? A larger portion of Nigeria’s population is suffering in silence as a result of the monstrous inflation rate occasioned by the removal of the stubborn fuel subsidy. Some people eat once a day while others, the better-rich eat twice a day, skipping lunch. Therefore, President Tinubu must acknowledge the grave consequences of the current economic situation and the suffering experienced by Nigerians. 

As the leader of the nation, he has the power to reverse the economic downturn and alleviate the suffering of Nigerians. It is imperative that the President takes into account the plight of the citizens and work towards restoring their faith in the government. 

While the road to economic recovery may be challenging, President Tinubu needs to consider the long-term benefits of prioritizing the well-being of Nigerians by implementing a 100% increase in civil servant salaries and creating job opportunities for our overwhelming jobless population thereby contributing to poverty reduction, improving living standards, and restoring hope for the nation’s future. 

Lawan Bukar Maigana writes from Yobe State and can be reached via email:lawanbukarmaigana@gmail.com

By Uzair Adam Imam

The Peoples Democratic Party (PDP) has slammed President Bola Ahmed Tintubu over the bitting economic hardship caused by the recent hike in the pump price of fuel from N534 to N617 per litre in Nigeria.

Mr. Debo Ologunagba, the National Publicity Secretary of PDP, mounted this challenge in a statement he made available to journalists.

Ologunagba also described the new price as provocative and extortionate, adding that the recent increment worsened the already suffocating economic situation under the leadership of the APC.

The statement read in part, “Our party insists that the N617 per litre of fuel is excessive, unacceptable and cannot be justified under any guise. This is especially given the economic potential and prospects within our country.

“It is appalling that instead of seeking ways to stabilise and grow the economy, the APC administration has abandoned the welfare of Nigerians which is the primary purpose of government under Section 14 (2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and left the citizens to the vagaries of market forces and exploitative cabal; a disposition that is characteristic of a government that is not accountable to the people.

“The PDP is alarmed that with its ill-thought out, badly planned and hurriedly-executed policies, the APC is running Nigeria’s economy aground with the value of naira rapidly plummeting, businesses and production shutting down; citizens losing their means of livelihood, commercial and social activities crippled, with millions of families no longer able to afford their daily needs as the costs of food, medication and other essential goods and services continue to skyrocket.

“Indeed, this is not the nation that Nigerians yearned for after the abysmal, harrowing and inhuman eight years of the Buhari-led APC administration as the situation has currently gone from a frightening bad to a terrifying worse with no hope in sight,” the statement said.

According to Ologunagba, “Even with the removal of subsidy on petroleum products, with a deft, transparent and innovative management of resources, economic potentials, national comparative advantage and expanded value chain in refining capacity, fuel should not sell for more than N150 per litre in Nigeria.”

By ImamMalik Abdullahi Kaga

The removal of fuel subsidies has been a hotly debated and controversial topic in Nigeria for many years, especially now that President Bola Ahmed Tinubu has made the pronouncement. For the longest time, fuel subsidies represented a significant portion of government expenditures, and many Nigerian leaders refused to remove them for fear of political backlash from their citizens. However, President Tinubu’s bold decision has been a critical step towards transforming the Nigerian economy and helping the poor.

The Nigerian government spent an average of  $6.2 billion annually on fuel subsidies, and despite this, the country’s economy did not improve significantly. The fuel subsidy was primarily a means of subsidising fuel prices for Nigerian consumers, and the government aimed to keep the domestic fuel prices low, which, in turn, would help fight inflation and improve the economy. However, the fuel subsidy did not achieve this goal; instead, it distorted the market, leading to corruption, smuggling, and inflation.

Furthermore, fuel subsidies are often perceived as socially unjust because it benefits wealthier individuals more than the poor.  Studies have shown that the richest 10% of Nigerians receive up to 60% of the subsidy, while the poorest 10% only receive 1%.

It is well-known that the country’s wealthy motorists and industries benefit most from the subsidy, not the poor. Hence, the benefit did not trickle down to the poor but only helped the rich acquire fuel more cheaply. However, since most of the poor Nigerians are not benefitting from the fuel subsidy, it’s a commendable effort that the president made.

The removal of the fuel subsidy will create jobs in the downstream sector, increasing the availability of fuel and reducing smuggling, which will contribute significantly to the Nigerian economy’s growth.

Moreover, the government’s removal of the fuel subsidy will allow it to redirect the average amount, $6.2 billion, towards investing in critical sectors such as education, healthcare, agriculture, security, and infrastructure, which will help reduce poverty levels and create employment opportunities for Nigerians. The government’s commitment to investing in these critical sectors will reduce the dependency on oil, the country’s primary source of revenue, and make the economy more resilient to oil price fluctuations.

Tinubu’s fuel subsidy removal will also reduce government corruption, a significant problem in Nigeria. With the fuel subsidy, many government officials’ fraudulently inflated the amount allocated to the subsidy scheme, which was further used to enrich themselves. Removing the subsidy will prevent the exploitation of government funds by corrupt individuals, which will be an essential step toward improving the Nigerian economy.

I urge Nigerians to be patient and prayerful as Tinubu Administration has a lot in store for us– poor Nigerians.