Former governor of Ekiti state, Kayode Fayemi , has said that the announcement of petrol subsidy removal was made hastily without thought of the after effects.
Fayemi made this known while speaking in an interview on Channels Television on Friday.
He stated that the announcement did not give enough room for the federal government to prepare for the effects of the policy.
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Recall that on May 29, 2023, President Bola Tinubu, in his inauguration speech, announced the removal of subsidy, a development which led to a hike in the pump price of the product and other items.
According to him, “I think there were some missteps, not policy changes that were wrong
“I actually think the policy changes were appropriate but the announcement at the inauguration day was a little bit precipitous and did not allow for enough room to prepare the ameliorating circumstances that would address the challenges that were bound to come in terms of inflation”, he said.
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