Former Governor Isa Yuguda of Bauchi State shed light on the ongoing debate surrounding Nigeria's fuel subsidy.
According to the ex-governor, the federal government still pays subsidies on petroleum products despite the recent announcement by President Bola Tinubu that "the fuel subsidy is gone."
Yuguda's statement comes on the heels of the International Monetary Fund's (IMF) recommendation for Nigeria to completely phase out costly fuel and electricity subsidies to address its economic challenges.
The IMF's report last month suggested that the country should redirect its resources towards more productive sectors.
Explaining the current situation, Yuguda clarified that the subsidy being paid now is different from the one that was removed by President Tinubu.
He said that the previous subsidy was going into private pockets and was removed to increase revenue for the country.
The former governor pointed out that the removal of this "unjustified" subsidy has led to an increase in revenue, which is reflected in the increased allocations that states are receiving.
Yuguda also addressed the issue of economic hardship in the country, stating that the average Nigerian might not fully understand the challenges that President Tinubu has to face in resolving the economic situation.
He called on members of the President's cabinet to help in sensitizing the masses on how the government policies will change the nation.
As Nigeria navigates this delicate economic situation, it is crucial for the government to provide transparency and clarity to its citizens.
The removal of the fuel subsidy has sparked debates and raised concerns about the potential impact on the lives of ordinary Nigerians.
The former Governor of Bauchi State, Isa Yuguda, has provided valuable insights into Nigeria's subsidy saga and the challenges faced by President Bola Tinubu's administration.
As the country moves forward, it is essential for the government to communicate its policies effectively and address the concerns of its citizens.
