Fuel subsidy: Fayose reveals what Tinubu is trying to do

A former Governor of Ekiti state, Ayodele Fayose, has said that President Bola Tinubu is only trying to stabilise Nigeria with his decision to announce the removal of fuel subsidy.

Fayose also described Tinubu’s announcement as “the best and wisest decision”.

Less than 24 hours after Tinubu made the pronouncement, the pump price of Premium Motor Spirit commonly known as petrol has skyrocketed to N600 per litre from N195/l in many parts of the country.

The development equally triggered a 100 per cent hike in transport fares, while long queues resurfaced at fuel stations across Lagos, Abuja, Ilorin, Benin, Asaba, Port Harcourt, Kano, Makurdi and other major cities and urban areas.

But reacting to the removal of fuel subsidy on his Twitter handle on Wednesday, Fayose said he was convinced that Tinubu meant well for

According to him, I am convinced that President Tinubu has taken the best and the wisest decision for the collective good of Nigeria and its people.

“He promised to remove the subsidy, he never hid it. Most importantly, too, the immediate past govt already removed fuel subsidy technically by not making provision for it in the 2023 budget.

“I appeal to Nigerians to bear with the government for now as the present hardship will ease out with time. Removing the fuel subsidy is the best thing to do and it has to be done once and for all.

“Unfortunately, the subsidy regime has only been benefiting a few people in the oil industry and Nigeria must break this chain once and for all.”