President Bola Ahmed Tinubu has directed the National Economic Council (NEC) to begin the process of working on fiscal and other interventions to ameliorate the impact of the subsidy removal on Nigerians.
This is even as some major oil marketers pledged to donate 100 buses to ease transportation cost problem being faced by average Nigerians
Ogun State Governor, Dapo Abiodun, made these disclosures on Wednesday when he led some major oil marketers on a courtesy visit to President Tinubu at the Presidential Villa, Abuja.
Addressing State House correspondents after the meeting, the governor said that the marketers came to express their support for the President for his bold decision to end the fuel subsidy regime which, for many years, had remained a waste pipe in the public finance system
According to him, the marketers announced their intention to donate 50 to 100 mass transit buses as a way to help the new administration succeed on the initiative, and expressed their hope that others well-meaning corporate bodies can do the same.
Abiodun noted that President Tinubu’s action on the fiscal regime clearly demonstrated his determination and courage to end the damages the fuel subsidy had caused the country and Nigerians over the past decades.
While noting that the subsidy removal on fuel will initially cause hardships for the people, the governor maintained that in the end Nigerians would gain from it as there can be no gains without pains.
