A group of protesters in support of the removal of fuel subsidy have stormed the National Assembly’s main entrance to make their expression known.
POLITICS NIGERIA reports that the protesters, who were led by Sunday Attah, the convener of Stand Up Nigeria, said that they were demonstrating to show their solidarity with President Bola Tinubu over the decision to remove the subsidy.
Attah said that the protesters were aware that the removal of the subsidy would lead to an increase in the price of petrol, but they believed that it was the right thing to do.
He said that the subsidy had been a “cankerworm” that had eaten deep into the economy and that its removal would free up funds that could be used to develop other sectors of the economy.
Attah also said that the protesters were confident that President Tinubu would use the funds from the subsidy removal to benefit the people of Nigeria.
He said, “The announcement on the 29th May 2023, by President Bola Ahmed Tinubu, that the subsidy on fuel has been removed has come with mixed feelings.
“While some have hailed it as apt and timely others have expressed reservation that it may cause further hardship on the citizenry.
“You will recall that the President anchored the policy on the fact that there was no provision for subsidy payment in the 2023 budget hence cannot be sustained.”
“Apart from that, the country was bleeding seriously through many leakages occasioned by corruption in high places, chiefly among which are the claims on subsidy payments to many firms.
“After observing the initial reaction to the measure and the attendant panic buying and other impacts on the socio-economic life of Nigerians, we wish to state that the President has done the right thing by removing the subsidy as the advantages of doing so outweigh the disadvantages.
“We have observed that the initial hiccups of long queues at the fuel stations have disappeared while access to petroleum products has become easier and guaranteed as people can now drive into filling stations and refill their tanks without wasting unnecessary man hours on queues.”
“The opposition and those elements opposed to the measure should know that election is over and all hands must be on deck to support the government to do what is right and in the interest of the people of the country.
“Past administrations have attempted to remove fuel subsidies but have not been successful due to opposition on the wrong belief that the implication of subsidy removal is just the increase in the price of fuel.
“There was also the suspicion that the proceeds made from the removal will be embezzled and the gains will not get to the intended beneficiaries.”
“But President Bola Ahmed Tinubu has shown that he has the integrity to use the funds for the development of the country and has announced a number of palliatives to cushion the effects of the increase in the price of fuel.
“We believe other measures would follow that will make Nigerians willing to see the increase in the price of petroleum products as a necessary sacrifice for growing the economy.”
“By the time the monies freed from subsidy removal are appropriated and plowed back into the economy and all sectors begin to witness quantum growth, Nigerians would begin to see the positive effects of subsidy removal,” he said.
The Tinubu-led federal government has said it will provide some relief to Nigerians by increasing the minimum wage and giving other palliatives.
