Why Tinubu’s Subsidy Removal is The Best Decision – Fayose

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Ayodele Fayose, the former Governor of Ekiti State, has voiced his endorsement of President Bola Tinubu’s endeavours to restore stability in Nigeria after the purported harm inflicted by the previous administration.

Fayose also praised Tinubu’s decision to remove fuel subsidy, calling it “the best and wisest decision.”

Ayodele Fayose
Ayodele Fayose, former governor of Ekiti State under the Peoples Democratic Party

Shortly after Tinubu announced the end of the fuel subsidy, the price of petrol, known as Premium Motor Spirit (PMS), skyrocketed to N600 per litre from the previous N195/litre in many parts of the country.

This sudden increase led to a 100 percent hike in transport fares and the resurgence of long queues at fuel stations in major cities such as Lagos, Abuja, Ilorin, Benin, Asaba, Port Harcourt, Kano, Makurdi, and others.

In response to the removal of the fuel subsidy, Fayose took to Twitter to express his conviction that Tinubu had made the right decision for the collective good of Nigeria and its people. He highlighted that Tinubu had openly promised to remove the subsidy and that the previous government had already technically removed it by not including provisions for it in the 2023 budget.

Fayose appealed to Nigerians to bear with the government during this period of hardship, assuring them that the situation would improve over time. He believed that removing fuel subsidies was necessary and should be done once and for all, as the current regime primarily benefited a few individuals in the oil industry. Fayose emphasized the need to break this cycle for the betterment of the country.

As a member of the Peoples Democratic Party, Fayose argued that the decisions perceived as harsh by Nigerians were essential to move the country forward. He acknowledged that Tinubu could not miraculously create money but stated that Tinubu’s experience and intellect would help strategically reposition the country.

Fayose urged the government to take strict action against fuel marketers who engaged in hoarding or sold fuel at exorbitant rates, as their actions only sought personal gain.

Fayose further called on the Nigerian Labour Congress (NLC) and all concerned parties, especially ordinary Nigerians, to recognize that the previous administration had caused significant damage. He believed that the new government was working towards stabilizing the country and that tough decisions were necessary for progress to be achieved.

In his view, Nigeria needed to sustain itself by taking bold steps, even if they appeared harsh, to return the country to the path of progress.

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