Daniel Bwala, an aide to the 2023 Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar has said fuel subsidy removal is the greatest good
Bwala, however, said removing fuel subsidy without cushioning the effect would put Nigeria under heavy burden.
He noted that the fuel subsidy removal would be a breeding ground for scammers and racketeering if there is no re-investment plan. Tweeting, Bwala wrote: “REMOVAL OF FUEL SUBSIDY is the greatest good our nation needs; but if the cushioning effect is not made available FIRST before the REMOVAL, it will place the masses under heavy and unbearable burden.
“Secondly, if there is no WELL DEFINED AND WORKABLE re-investment plan in transport, education, healthcare and infrastructure which naturally benefits the poor, SMEs drivers and middle class who are the engine of our of our economy, then the whole thing will become ANOTHER SCAM from one RACKETEERS to ANOTHER.”Following Tinubu’s declaration, the pump price of fuel increased across the country.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fuel Subsidy: Reps ask FG to mitigate effects of subsidy removalThe lawmakers asked the federal government to, among other things, purchase natural gas-powered buses to mitigate transport fare hike.
Read more »
Why I Congratulated President Tinubu, Vice, Shettima For Taking Oath Of Office – Atiku Campaign Spokesperson, Bwala | Sahara ReportersDaniel Bwala, the spokesman of the Presidential Campaign Organisation of the Peoples Democratic Party (PDP) candidate, Atiku Abubakar, has explained why he congratulated Nigeria's new President, Bola Tinubu and the Vice President, Kashim Shettima of the ruling All Progressives Congress (APC) on their assumption of office. SaharaReporters had reported that Bwala congratulated and prayed for Tinubu and Shettima after they were sworn in on Monday morning as the President and Vice President of Nigeria to succeed Muhammadu Buhari.
Read more »
Subsidy: Tinubu trying to stablise Nigeria, says FayoseA former Ekiti State Governor, Ayodele Fayose, on Wednesday, said President Bola Tinubu is only trying to stabilise Nigeria after the alleged damage of the last administration.
Read more »
BREAKING: Tinubu Government To Meet Nigeria Labour Congress Today Over Fuel Subsidy Removal | Sahara ReportersThe Nigeria Labour Congress will meet with representatives of the Nigerian Government over the removal of fuel subsidy. Joe Ajaero, the NLC President disclosed this on Wednesday while featuring on a Channels TV programme. Ajaero said the meeting is scheduled to hold at 2 pm on Wednesday.
Read more »
Why fuel subsidy removal is important to Nigeria's economy - IPMAN | The Guardian Nigeria News - Nigeria and World NewsThe Independent Petroleum Marketers Association of Nigeria (IPMAN) has said subsidy removal is very important to Nigeria economy. IPMAN spokesperson Yakubu Suleiman on Channels Television’s Sunrise Dailyprogramme on Wednesday said the move is the only way to make Nigeria great. During his inaugural speech after he was sworn in on Monday, President Bola Ahmed Tinubu […]
Read more »
Nigeria's petrol subsidy removal takes effect as fuel price jumps over N500 | The Guardian Nigeria News - Nigeria and World NewsThe National Petroleum Company (NNPC) Limited Wednesday morning officially increased fuel pump price to more than N500 in different parts of the country. Our correspondent gathered that NNPC station pegged fuel price at N537 per litre in Abuja. Nigeria President Bola Tinubu during his inaugural address on Monday announced that petrol subsidy was gone with […]
Read more »