The Governor of Ogun State, Dapo Abiodun, has Chief Bola Tinubu’s decision to remove the fuel subsidy, stating that the move has saved Nigeria N5.4 trillion, a cost that would have burdened the nation by the end of 2024.
Speaking during a special service at the Cathedral Church of St. Peter, Ake, Abeokuta, marking Nigeria’s 64th National Day celebration, Abiodun highlighted the economic strain the subsidy would have placed on the country.
He noted that Nigeria’s 2024 infrastructure budget is N6.7 trillion. He added that continuing the subsidy would have undermined national development efforts, including infrastructure improvements.
He stated, ”Mr. President removed the subsidy, which, if not curbed, would have cost us N5.4 trillion by the end of 2024.
“We have been busy subsidizing our neighbours; these are funds that can be invested in improving our infrastructure and other social services.
“Our budget this year for infrastructure was N6.7 trillion, meanwhile, the subsidy would have consumed N5.4 trillion, if not curbed or checked.”
READ ALSO: Bobrisky vs EFCC: I Will Be Surprised If Justice Prevails —Rufai
Earlier in his message titled ‘Leading Our Nation Forward in a Time Like This: Lessons from Elisha’s Leadership’, the Diocesan Bishop of Ijebu North Anglican Diocese, Rt. Rev’d Dr. Akinwande Odubena, who also read from the book of 2 Kings, Chapter 7, Verse 1.
The clergyman also emphasised the role of leadership in navigating Nigeria through challenges such as hyper-inflation, oil theft, unemployment, and insecurity. He urged citizens to remain hopeful for a better future.
Follow the Parallel Facts channel on WhatsApp: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
