The article discusses the response from President Bola Tinubu and the All Progressives Congress (APC) regarding the removal of fuel subsidies in Nigeria. They argue that this decision, though difficult, was necessary to improve the economy and redirect resources into more productive areas. During a recent event, the APC's National Chairman, Prof. Nentawe Yilwatda, highlighted that the government had inherited several economic challenges, including a complex exchange rate system and weak revenue collection. Since the subsidy removal, Nigeria's economic indicators have improved, such as an increase in external reserves and non-oil revenue, as well as a reduction in inflation. Yilwatda emphasized that the North of Nigeria would particularly benefit from these economic reforms, as it would enhance trade with neighboring countries. He also mentioned various infrastructure projects aimed at boosting the economy further. Dr. Isa Yuguda, another APC leader, supported the removal of the subsidy by stating that the old subsidy system was inefficient and led to financial losses. He praised Tinubu for having the courage to make this reform, which he claims has saved over ₦15 trillion. The article also addresses a proposal from former Vice President Atiku Abubakar to reinstate the fuel subsidy ahead of the 2027 elections. The APC leaders warned that bringing back the subsidy could lead to the same problems as before, such as fraud and inefficiency, which would harm the economy in the long run. They argue that the upcoming election should focus on real issues and achievements rather than short-term political promises.
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