We’ve been getting fuel subsidy wrong – SDP’s Adebayo
The Social Democratic Party, SDP, presidential candidate, Adewole Adebayo, says Nigeria has been getting fuel subsidy wrong. Adebayo made this statement on Tuesday while responding to questions in an interview on Channels Television’s Politics Today. He was reacting to the removal of fuel subsidy by President Bola Tinubu since his assumption of office on May 29, 2023. According […] We’ve been…
The Social Democratic Party presidential candidate, Adewole Adebayo, has criticized Nigeria's approach to fuel subsidy. In an interview on Channels Television’s Politics Today, Adebayo addressed the removal of fuel subsidy by President Bola Tinubu, which took effect on May 29, 2023. Adebayo argued that removing fuel subsidy without ensuring a stable supply of petrol is ineffective.
He emphasized that a subsidy is merely a financial mechanism, not a physical resource. "Subsidy is an account in government. Subsidy is not petrol," Adebayo stated, suggesting that without control over petrol supply, the subsidy system would fail.
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