Sanwo-Olu: Bringing Back Fuel Subsidy Empty Campaign Buzz, Not Realistic
• Says move though hurtful to citizens healing Nigerian economy •Governor discusses gains, prospects of Tinubu’s reforms •Says Nigeria’s democratic, electoral systems evolving Emmanuel Addeh in Abuja Lagos State Governor,
Lagos State Governor, Babajide Sanwo-Olu, has dismissed opposition politicians' promise to restore fuel subsidy if elected in 2027 as empty campaign rhetoric, describing it as neither fiscally realistic nor sustainable. Speaking at the 7th Freedom Online Newspaper Lecture in Lagos, Sanwo-Olu argued that removing the subsidy was a necessary decision to prevent the continued depletion of public finances.
He explained that the subsidy regime, initially conceived as a temporary intervention, had become an unsustainable drain on the country's resources. Sanwo-Olu noted that while the removal of the subsidy has been painful, especially for Lagosians at the pump, market, and in the price of a bag of rice, it is healing the economy, as evidenced by improved economic indicators such as increased growth, external reserves, trade surplus, declining inflation, and upgraded credit rating.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
