Fuel Subsidy Is Back – Obasanjo
Former President, Olusegun Obasanjo, revealed that fuel subsidy which was removed by the Federal Government in 2023 has been reintroduced due to inflation. President Bola…



Former President, Olusegun Obasanjo, revealed that fuel subsidy which was removed by the Federal Government in 2023 has been reintroduced due to inflation.

President Bola Tinubu during his inaugural address on May 29, 2023, had declared that fuel subsidy “is gone.”


Dinosaurs Spine at Hang Dong, Ta Xua, Son La seen from above

The development has led to the increase of petrol price from about N200 to over N600 per litre.

In an interview with the Financial Times, Obasanjo faulted the manner in which the subsidy was removed by the government.


According to him, the government should have implemented some measures before the subsidy removal.

He, however, explained that the subsidy has “come back” due to the inflation rate.

“There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” Obasanjo said.

He also highlighted the need for investor confidence in Nigeria, stating, “You have to go from a transactional economy to a transformational economy.”


Daily Trust reports that some of the demands of the ongoing nationwide protest is reinstatement of the fuel subsidy regime.

But Tinubu, in his Sunday broadcast, ruled out possibility of returning fuel subsidy.


He described the decision to remove the fuel subsidy as painful but necessary, while arguing that it had been a “noose around the economic jugular of our Nation” and had hindered economic development and progress.

https://dailytrust.com/fuel-subsidy-is-back-obasanjo/

Whether Back or Front, Tinubu should just return fuel price to where he met it.

Only Ronu criminals cum political terrorists disguising as progressives ati fake lovers of Nigeria believe otherwise sir

Who doesnt know that?

Yinmu..

Pms is N750 in kogi

Who doesn't know? The funny thing is that the criminal in aso rock simply re chanelled subsidy payments to himself and his family! 😂.. sly criminal!

EyeCumInPeace:
Whether Back or Front, Tinubu should just return fuel price to where he met it.

All your post are centered around impossiblities. anything to sell your market and unsell the other guy. lol

Believe me, a time will come Tinubu will wish he never contested at all.

Don't just know what to say. The poor is paying for the mistakes of the President and yet he's not appreciative.

Toh

Na him sabi wetin him dey do. Fuel subsidy go always get e wahala, but we go manage am.

Subsidy is back when I just bought fuel for 900 per litre this morning, apparently, we are paying more for fuel while the federal government is paying more for Subsidy than before, this type of economics should be studied at Havard.

That is an elder statesman statement, not these career embittered pathetic politicians, especially like Bitter grievingory Obi. He said the manner in which subsidy was removed was wrong, but people should still believe in Nigeria.

Whatever Obasanjo says it's the truth.

PandoraObi:
That is an elder statesman statement, not these career embittered pathetic politicians, especially like Bitter grievingory Obi. He said the manner in which subsidy was removed was wrong, but people should still believe in Nigeria.

How is it different from what Obi said? Obi suggested a phased removal with things in place before total removal. You called him container economist.🤦🏾‍♂️

treesun:


Fuel Subsidy Is Back – Obasanjo
Former President, Olusegun Obasanjo, revealed that fuel subsidy which was removed by the Federal Government in 2023 has been reintroduced due to inflation. President Bola…



Former President, Olusegun Obasanjo, revealed that fuel subsidy which was removed by the Federal Government in 2023 has been reintroduced due to inflation.

President Bola Tinubu during his inaugural address on May 29, 2023, had declared that fuel subsidy “is gone.”


Dinosaurs Spine at Hang Dong, Ta Xua, Son La seen from above

The development has led to the increase of petrol price from about N200 to over N600 per litre.

In an interview with the Financial Times, Obasanjo faulted the manner in which the subsidy was removed by the government.


According to him, the government should have implemented some measures before the subsidy removal.

He, however, explained that the subsidy has “come back” due to the inflation rate.

“There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” Obasanjo said.

He also highlighted the need for investor confidence in Nigeria, stating, “You have to go from a transactional economy to a transformational economy.”


Daily Trust reports that some of the demands of the ongoing nationwide protest is reinstatement of the fuel subsidy regime.

But Tinubu, in his Sunday broadcast, ruled out possibility of returning fuel subsidy.


He described the decision to remove the fuel subsidy as painful but necessary, while arguing that it had been a “noose around the economic jugular of our Nation” and had hindered economic development and progress.

https://dailytrust.com/fuel-subsidy-is-back-obasanjo/

Subsidy is gone -Tinubu
Fuel Subsidy Is Back-Obasanjo.
Nlfpmod, only people supporting this government can't see SUBSIDY is back.

EyeCumInPeace:
Whether Back or Front, Tinubu should just return fuel price to where he met it.

Shikena!

Obasanjo always speaks with wisdom. His insights on the fuel subsidy issue highlight the complexities of our economy. It's clear that a hasty removal without proper planning can lead to chaos. Let’s hope the government takes his advice seriously and works towards a sustainable solution for the benefit of all Nigerians.

Chinkoalhaji34:
Toh

Na him sabi wetin him dey do. Fuel subsidy go always get e wahala, but we go manage am.

But wait ooo... Is it a human being that is behind this handle? I strongly doubt that the things I read from this handle are typed by a human with brain. If this is an AI bot, suen should do something to take it down as it does nothing than constituting nuisance on the platform.

Seunmsg your BAT cap wearing OBJ has this to say.

What's your comment?

phantomxx:


How is it different from what Obi said? Obi suggested a phased removal with things in place before total removal. You called him container economist.🤦🏾‍♂️

Na una carry Obi come here now o

If people begin dey attack am, una go come dey lie say dem dey obsessed with am

The Agulu dissembler sits top as the daftest politician currently in Nigeria. I'm surprised to see people reference him in any intelligent convo

Maybe u share same ethnic origin with him

inkon:


But wait ooo... Is it a human being that is behind this handle? I strongly doubt that the things I read from this handle are typed by a human with brain. If this is an AI bot, suen should do something to take it down as it does nothing than constituting nuisance on the platform.

I just pass his co.ments without reading it. I cannnot be arguing with idiotic robots.

Georgry:
Subsidy is back when I just bought fuel for 900 per litre this morning, apparently, we are paying more for fuel while the federal government is paying more for Subsidy than before, this type of economics should be studied at Havard.

exactly and Nigerians can figure this out, or they seem could with,then I wonder where people get the Nigerians are one of the smartest people on earth, how, a people that can't figure out ,that they are being played by their successive government with the same lies

I do not believe the people with this kind of mentality are amongst the smartest

DevilsEqual:


Na una carry Obi come here now o

If people begin dey attack am, una go come dey lie say dem dey obsessed with am

The Agulu dissembler sits top as the daftest politician currently in Nigeria. I'm surprised to see people reference him in any intelligent convo

Maybe u share same ethnic origin with him

Did you read the comment I quoted? Or are you a Chatgpt bot? Or you are this naturally obtuse like Tinubu?

Obasanjo dey talk sense as usual.

E no easy for the common man with fuel price climbing like say na race. We need to balance the economy and make sure people fit survive. E good say him don raise the alarm, we need more leaders wey go listen and act for the people. Naija go better if we join hands!

Kingsmeal:
Seunmsg your BAT cap wearing OBJ has this to say.

What's your comment?

Under recovery, yes.

Tinubu government destroyed the economy no be small

Obasanjo is a man who knows the pulse of the nation! Fuel subsidy might be a double-edged sword, but it shows he still cares about the common man. Let’s see how this plays out for the average Nigerian!

MadamVanessa:




Believe me, a time will come Tinubu will wish he never contested at all.

Say the person who shamefully went hiding after Tinubu won. Tinubu is not like you. This moniker MadamVanessa was no where to be found again after Tinubu won and became President. Same with Prineoflagos. It just found courage to resurface. 😂 😂 Lol 😂😂😂😂. They had to start using alternative monikers.