The federal government has advised Governor Godwin Obaseki to focus on using available resources to drive impactful projects that genuinely uplift the lives of Edo state people rather than criticizing the economic policies of President Bola Tinubu.
Politics Nigeria reported that Obaseki, while speaking recently, said the removal of fuel subsidy and foreign exchange reforms of President Tinubu’s administration led to increased hardship for Nigerians.
“Now subsidy is gone, the exchange rate is being aligned. The consequence is that the weakest and most vulnerable in the country will carry a huge part of the burden of these policies,” Obaseki said.
“I’m shocked that people who campaigned around the country, saying that they would remove subsidies, had no clear plans on what to do after subsidy removal. They don’t know what to do and how to support those who will be victims of subsidy removal.”
Reacting to the governor’s remark in a recent statement, the minister of information and national orientation, Mohammed Idris, stated that Obaseki’s comments regarding the federal government’s decisions on fuel subsidy and foreign exchange market reforms overlooked the broader economic picture.
“While it is common for leaders to have divergent views, it’s crucial to align criticism with reality and to premise discourse on tangible results,” Idris said.
“It’s well documented that Nigerians, state governors across party lines, and global institutions, including the World Bank and IMF along with various economic experts, have consistently advocated for the removal of fuel subsidy because of the fiscal distortions and burden it has placed on the economy.
“This burden includes many months of zero accretion to the Federation account by the NNPC, which left states and local governments with less money from FAAC, as a result of payment for fuel subsidy, which the national oil company regularly charged to the Federation account.”
He added that Edo, under Governor Obaseki’s leadership has notably benefited from the subsidy removal, which is evident in the more than doubling of the FAAC allocation between June and July 2023 to the state.
