Fuel price went up to N145 per litre on Wednesday – a decision which the government said will make petrol available, and free more cash for key projects which will add value to living. But opponents of the action insist that it will send prices rising and toughen life for the poor. All Progressives Congress (APC) National Leader Asiwaju Bola Ahmed Tinubu yesterday described the removal of petrol subsidy as a tough but necessary decision which was taken “in the interest of the present and future generation of Nigerians”.
Tinubu urged Nigerians to accept the increased price of petrol, raised from N86 to a cap of N145 on Wednesday, as the best option available to make fuel available and to channel the cash hitherto used as subsidy “for the nobler purpose of putting those same funds to fairer, more equitable use in order that the government might better serve those of us who are truly in utmost need”.
Tinubu, in a statement from his Media Office, praised President Muhammadu Buhari for his “courage” to “put an abrupt and just end to this assault against our economy and political system”.