Fuel subsidy removal has pushed Nigerians into poverty, Tinubu ill-advised — Kenneth Okonkwo

Chieftain of the African Democratic Congress, Kenneth Okonkwo, has criticized President Bola Tinubu's decision to remove the fuel subsidy in Nigeria, stating that it was a misguided move that has pushed many Nigerians into poverty. Speaking on Channels Television's Sunday Politics, Okonkwo argued that there shouldn't be a subsidy in the first place, given Nigeria's vast oil resources and production capabilities.

He highlighted the high cost of fuel, which stands at approximately N1,300 per litre, causing a significant financial burden on the average Nigerian. With a 100-litre fuel tank, a vehicle owner would have to pay N130,000 to fill it up, which is nearly twice the minimum wage in the country. This means that N70,000 paid to a Nigerian citizen can only afford them half a tank of fuel, leaving no room for rent, food, or medical expenses.

Okonkwo emphasized that this level of induced poverty is unsustainable and unacceptable for any responsible or compassionate leader, questioning the logic behind the government's decision.