Senator Sani Musa, Chairman of the Senate Committee on Finance, has praised President Bola Tinubu’s controversial economic reforms, particularly the removal of Nigeria’s longstanding fuel subsidy and the liberalisation of the naira.
Speaking on Channels Television’s Politics Today on Friday, Sani argued that these steps represent the “best thing that has happened to this country.”
Since Tinubu’s May 2023 inauguration, his government has enacted sweeping changes, removing the costly fuel subsidy and allowing the naira to float, aimed at reducing Nigeria’s fiscal burden and attracting foreign investment.
However, the reforms have come at a high cost to the public, with fuel prices tripling and inflation reaching a steep 25%.
Despite these challenges, Senator Sani emphasised the positive impact of subsidy removal.
“We want to be sure that what we are doing is not going to reflect negatively on Nigerians. Removing subsidy is the best thing that has happened to this country,” he asserted.
Sani further argued that sufficient funds are being provided to Nigerian states through the Federation Account Allocation Committee (FAAC) to address local issues, suggesting that poor resource management is to blame for persistent challenges.
“If the money FAAC is distributing to the states is utilized adequately, a lot of things will go well,” he stated.
As Nigerians grapple with economic strain, Sani’s endorsement of the government’s policies highlights ongoing debates about the sustainability and fairness of Tinubu’s economic strategy.
