Mr Tinubu said the decision to remove the petrol subsidy 'is one decision we must bear to save our country from going under...'
said Monday that he is aware that his decision to remove subsidy on petrol will impose an “extra burden on the masses of our people.”
PREMIUM TIMES reported that the increase in petrol prices has already led to an increase in the prices of other goods and services. Nigerians have, however, expressed diverse views on the subsidy removal with many supporting it and others opposed to it. Proponents say the removal will free up funds for use in other critical areas such as infrastructure, health and education while opponents say it will further impoverish Nigerians in a country where about half the citizens live in poverty.
5. Just like the anti-colonial movement, the pro-June 12 vanguard demonstrated, once again, the enduring validity of the 19th century historian, Arnold Toynbee’s eternal postulation, that civilization and societies experience progress as they are forced to respond to challenges posed by the environment.
9. The point is that we must never take this democracy for granted. We must forever jealously guard and protect it like a precious jewel. For, a people can never truly appreciate the freedoms and rights democracy guarantees them until they lose it. 14. For Chief MKO Abiola, the symbol of this day, in whose memory June 12 became a national holiday, democracy is eternal.
It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto being pocketed by a few rich. I admit that the decision will impose extra burden on the masses of our people. I feel your pain.
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