Nigeria’s President, Bola Tinubu had during his swearing into office on 29 May declared that petroleum subsidy was over, a development...
has described the sustenance of petroleum subsidy as the bane of Nigeria’s economy, saying it was unfortunate that the country did not pull out of it since 2011.
Nigeria’s President, Bola Tinubu had during his swearing into office on 29 May declared that petroleum subsidy was over, a development that has seen the price of petrol and transport fare triple within a week. But Mr Azubogu, a three time member of the House of Representatives said what Nigerians are going through now as a result of subsidy removal would have been history if it was done since 2011, a statement that suggests he was blaming past leaders of the country for not removing subsidy before now.
“These are the things we needed to have looked at. We have gas wasted. We can do gas to energy and sell power and once we do that our financial sector would start funding real sectors from agriculture to manufacturing to value addition and once we do that our population becomes our strength.
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