Obasanjo Makes Shocking Revelation, Says Fuel Subsidy Back In Nigeria

Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in May 29, 2023 by President Bola Tinubu’s administration has come back due to inflation.

Obasanjo who faulted how Tinubu’s administration removed fuel subsidy said the Federal Government should have put measures in place before the fuel subsidy removal.

Speaking in a recent interview with the Financial Times Obasanjo 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,” the former President stressed.

“You have to go from transactional economy to transformational economy”, he added.

It would be recalled the protests, which commenced on Thursday, entered day 6 on Tuesday with a major demand for the return of the fuel subsidy regime.

Source: New Telegraph