Nigeria former President , Chief Olusegun Obasanjo has finally opened up on the call by Nigerians for the return of the fuel subsidy.
This is even as he lamented over the sudden removal of the subsidy without putting certain institutions in place.
According to Obasanjo, the subsidy which was removed by the Tinubu led administration is back through inflation, thereby making nonsense of the removal.
said the fuel subsidy removed
Obasanjo disclosed this in an interview however
faulted how Tinubu’s administration removed fuel subsidies.
According to him, the government should have put measures in place before the fuel subsidy removal.
“There are quite a lot to be done before the said removal but the president didn’t think in that direction.
“Because of inflation, the subsidy that we have removed is not gone. It has come back,” the former President stressed.
He said there must be investor confidence in Nigeria.
“You have to go from transactional economy to transformational economy”, he added.
Obasanjo was reacting amid the ongoing hunger protests in Nigeria.

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