So, we all pay subsidies and that is what the President removed. So, instead of going to these private pockets, Nigerian private pockets, the oil magnates, those who operate the industry, the President harvested the money and ploughed it into the treasury of the government. And that’s why most states are getting twice or even three times of what they used to get. So, you can see that money has gone into state treasuries, local government treasuries and also the national treasury and this money hitherto was going into private pockets. That’s the explanation I wanted every Nigerian to understand. But the subsidy regime now we are paying it’s still there. It may not be adequate, probably if it had been adequate, maybe the prices would have been forced down, but that which was removed was the one that was stolen money.
Trending
- NiCARE expands health insurance to 65,000 vulnerable Nigerlites
- CJID awards sustainability grants to 7 media organisations [SEE LIST]
- Dangote, Sinoma sign $800m MoU to expand Itori Cement Plant Capacity to 12MTPA
- CBN opens August with N700bn treasury bills auction
- NWUS: Wamakko’s efforts not unexpected, says UDUTH Acting CMD
- Plateau health commissioner highlights benefits of breastfeeding
- Works ministry assesses flood-hit Benin-Sagamu expressway
- Expert calls for culturally responsive reproductive care in Africa
