President Bola Ahmed Tinubu Assures of Palliatives Amid Fuel Subsidy Removal
During an interactive session with Nigerians residing in France and neighboring European countries at the New Global Financing Pact Summit in Paris, President Bola Ahmed Tinubu provided assurance that efforts were underway to implement palliatives to alleviate the impact of fuel subsidy removal.
In his inaugural speech, the President emphasized that the era of subsidies had come to an end due to the absence of budgetary allocations for such measures. Recognizing the concerns raised by Organized Labour regarding the removal of subsidies, President Tinubu shed light on his approach to convincing them to postpone their planned protests.
Addressing the issue, President Tinubu asked, “If you protest, I will join you and protest. But what exactly are you protesting about? Are you benefiting from a portion of the subsidy?” He further explained that the funds saved from the removal of subsidies were essential for the implementation of increased palliative measures and improvements in transportation.
The President assured the audience that palliatives would be provided; however, it was necessary to accumulate the saved funds to facilitate the effective execution of these measures. Additional details regarding the proposed palliatives are expected to be released shortly.
President Tinubu’s remarks come at a time when the removal of fuel subsidies has sparked discussions and raised concerns among various segments of society. As the government works on developing and implementing palliative measures, the focus remains on striking a balance between the removal of subsidies and providing necessary support to mitigate the impact on the populace.
