Politics
Oil subsidy may go as APC chieftains call for removal
A former governor of Lagos State and National Leader of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, Friday called for the immediate removal of fuel subsidy.
He made the call at the10th memorial anniversary of late Dr. Bala Usman in Kaduna, adding that fuel subsidy came with “many demons”
Late Bala Usman was a politician and a lecturer at the Ahmadu Bello University, ABU, Zaria.
Tinubu said: “In a perfect world, I wish we could sanitize the subsidy regime and thus continue with it.
“However, I have reached the conclusion that there are too many demons in the system for that hell to be turned into heaven.
“It is better that we remove it, not for the austere purpose of saving money but to use the money more wisely that we might better save the people. Let us begin a process of a thoughtful, but decisive subsidy phase-out.
“While this is occurring, we should simultaneously phase in social programs benefiting the poorest, most vulnerable among us.
“Programs such as transportation subsidies, school feeding, improved basic medical care and coverage for the poor, and potable water projects are some of the things that can be done with the same funds.
“This way we can undertake this massive expenditure confident that the fruits will go to the hungry, not the already too well fed.
“End the fuel subsidy. Subsidize the people instead – Subsidize the people instead!”.
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