The Only Area I Disagree With Tinubu’s Government On Subsidy Removal – Prof. Sagay

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Prof. Itse Sagay (SAN), a former Chairman of the Presidential Advisory Committee Against Corruption (PACAC) has hailed President Bola Tinubu on his efforts so far since taking over the mantle of leadership from former president Muhammadu Buhari on May 29.

Today marks exactly one month that Tinubu was sworn in as President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria at Eagles Square in Abuja.

In his inaugural speech, Tinubu announced the removal of fuel subsidy by saying “Subsidy is gone”! According to him, there was no provision for subsidy in the national budget from June 2023.

Shortly after the president’s address, filling stations adjusted their prices and there was scarcity of fuel across the country. The price per litre also changed from N187 to N500.

Speaking with worldviewafrica, Sagay said he believed that subsidy should only be removed when Nigeria is refining and producing fuel locally.

“He (Tinubu) has done very well in terms of trying to make our economy more modern and aggressive one. I think the only area that is not consistent with my own belief was that subsidy was removed before producing petrol locally. I think that is the only area that is not consistent with my advocacy”.

“I have always felt that subsidy should be removed as locally refined petrol is available. Even if the price is not going to be the same but at least, the price of removing the subsidy will not be severe on the population. That is the only area I disagree with the government”.

“However,  he has done well in other areas. He has brought dynamism into our economy. On the issue of appointments, I believe Tinubu is a man who is known for putting the right man in the right place”.

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