Otti: Anyone Seeking Petrol Subsidy Return Does Not Mean Well for Nigeria
*Says subsidy promotes inefficiency, corruption *Clarifies his support for Tinubu *Warns neglect of National Library weakens Nigeria’s memory Chuks Okocha and Olawale Ajimotokan in Abuja Abia State Governor, Alex Otti,
Abia State Governor Alex Otti defended the removal of petrol subsidy by his administration, contending that subsidized consumption fosters inefficiency and corruption instead of production. During an ARISE News interview, he refuted claims that opposition to the return of petrol subsidies indicates lack of support for Nigeria's progress.
Otti emphasized the need for better investment in preserving Nigeria's libraries, warning that neglect of these institutions weakens the nation's memory and intellectual heritage. He clarified his support for President Bola Tinubu's re-election bid, stating that he cannot oppose it due to his position as a Labour Party member. Otti highlighted that his administration allocated 80% of the budget to capital expenditure over the past three years, leading to significant investments in infrastructure and reducing inherited debts by nearly 75%.
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