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Home ยป Shehu Sani Reacts As Tinubu Announces Decision To Remove Fuel Subsidy
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Shehu Sani Reacts As Tinubu Announces Decision To Remove Fuel Subsidy

OsunDailyBy OsunDailyMay 29, 2023No Comments1 Min Read
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2023 Governorship Election: Some Candidates Can Clean Market Toilets - Shehu Sani
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Former federal lawmaker, Senator Shehu Sani has reacted to the removal of the fuel subsidy regime by President Bola Tinubu.

OsunDaily News recalls that Tinubu, during his inaugural speech, had announced thatย  subsidy is no longer sustainable in the country, stressing that it is gone.

Reacting via Twitter, Sani praised the newly sworn-in president for taking such a step.

He noted that it is the right time to take decisions that are capable of revamping the nationโ€™s economy.

He lamented that petrol subsidy was eating deep into the countryโ€™s pocket and it was time for the fraudulent act to come to an end.

He wrote: โ€œWithin seven months last year, the CBN โ€˜defendedโ€™ the naira with $11.24 billion. Currently, petrol subsidy consumes N400 billion monthly.

โ€œThere is no better time to take tough economic decisions to revamp our economy than now. The culture of allocating foreign exchange to elites with multiple bureaus de change to sell on the black market must end.


โ€œThe opacity of the subsidy regimeโ€™s chains of fraud must also end.โ€


Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162
Announces Decision Fuel Reacts Remove Sani Shehu Subsidy Tinubu
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