According to Vice President Kashim Shettima, the Muhammadu Buhari administration spent $10 billion on fuel subsidies in 2022.
He claimed that because gasoline subsidies have detrimental effects on the entire nation, the current administration was determined to end them.
On his first day of work at the Presidential Villa Abuja on Tuesday, Shettima reaffirmed the viewpoint of his principal.
‘He’s Strong Willed’ – Shettima Reacts To Tinubu’s Decision To Remove Fuel Subsidy
He claimed that the current administration had foreseen that its plan to end fuel subsidies would be met with vehement criticism.
His words, “The President has already made pronouncements yesterday on the issue of the fuel subsidy. The truth of the matter is that, it is either we get rid of the subsidy or the fuel subsidy gets rid of the Nigerian nation.
“In 2022, we spent $10 billion subsidizing the ostentatious lifestyle of the upper class of society because you and I benefit 90% from the oil subsidy. The poor 40% of Nigerians benefit very little and we know the consequences of unveiling a masquerade.
“We will get fierce opposition from those benefiting from the oil subsidy scam, but where there is a will, there is a way. Be rest assured that our president is a man of strong will and conviction.
UPDATE: Tinubu Makes Clarification On Fuel Subsidy Removal Comment
“In the fullness of time, you will appreciate his noble intentions for the nation. The issue of fuel subsidy will be frontally addressed. The earlier we do so, the better.’’
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