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As Nigeria approaches its 64th Independence Day on October 1, Professor Kenneth Azaigba of Federal University Dutse has called on President Bola Tinubu to reintroduce the fuel subsidy to ease the economic burden on Nigerians.
Azaigba pointed out that the removal of the fuel subsidy, marked by Tinubu’s declaration that “subsidy is gone,” has led to a depreciation of the naira and increased hardship for citizens. “We cannot run an economy like ours without subsidies. The subsidy management regime has to be looked at. Electricity tariffs and fuel prices are unreasonably high, and without mitigating these, we won’t be able to breathe in Nigeria again,” he said.
He expressed concern over the rapid devaluation of the naira and its negative impact on daily living.
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