TOP STORY: 'Social consequences' — Femi Adesina explains why Buhari didn't remove petrol subsidy | TheCable
Adesina explained that the subsidy wasn’t removed due to “economic and social factors”.
“Each time there is an effort to fight the fraud in the subsidy regime, you have to contend with labour, you have to contend with the people. The government needed to weigh its options because of the social consequences in it,” Adesina said.“In the beginning, his position was: what was subsidy really? But over the years it became evident that the country was bleeding, the economy was bleeding, there was a lot of hemorrhage which needed to be stopped and the time came and that time is now.
“It’s a phase the country must pass through and has passed through and that phase is coming to an end.”
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