simplyolat Former governor of Lagos, Bola
Ahmed Tinubu has expressed his
immense support for President
Buhari’s decision to remove the fuel
subsidy.


In a statement released on Thursday
in Lagos, Jagaban said that the
Buhari administration made a
prudent decision in the removal of
the fuel subsidy. The statement read;
“We all want fuel at a cheaper price.
under the subsidy, we got the right
price but not the fuel. Meanwhile,
some were getting rich on the
common man’s predicament. They
were laughing to the bank while the
rest of Nigeria waited in the petrol
line.


This is not the way to democratic
development. It is a recipe for
creating a class of economic
predators that would feed off the
people and in time gain such power
and wealth that they would seek to
buy and control if not own
government as well.


President Buhari has with this
decision put an abrupt and just end
to this assault against our economy
and political system. He has made a
courageous and prudent decision. It
is time to end the fuel subsidy and
to begin to subsidize the true needs
of the people.

To Mr. President, I say
congratulations for having the
courage to remove the subsidy. The
President has taken this tough
decision in the interest of the
present and future generations of
Nigerians.


For some time, I have been a
proponent of this action. I believed
ending of subsidy was the only sure
way to put to sleep the myriad
demons that had invaded the
subsidy process, sucking the blood
of Nigeria, swallowing much of our
needed money.


The rentiers will no longer be able
to make free money at our common
expense.
They will no longer be laughing to
the bank while you languish in
endless fuel queues.


Nigeria has taken the historic step
needed to create a competitive
environment that that will eliminate
smuggling, provide incentives for
private refineries and attract foreign
investments in the downstream
sector and create employment.
Instead of just shipping off the oil
and having the more expensive
finished products sent back to us,
Nigeria will move closer to realizing
its potential to become the plastic
center of the continent by
manufacturing these by products.
Nothing can stop Nigeria from being
the net exporter of fertilizer from
the bye products of the oil
industry.”