The Minister of the Federal Capital Territory, FCT, Nyesom
Wike, on Thursday said President Bola Tinubu took a bold decision in removing
the fuel subsidy.
Wike noted that, despite initial public outcry over the
decision, conditions have begun to stabilise.
He made the remarks while delivering the keynote address at
the 2025 Innovate Africa Conference in Abuja.
According to Wike: “You may not be right, but you must take
a decision and that’s what this present government is doing.
“People forget where we were yesterday. The day Mr President
decided to remove fuel subsidy, I don’t know how many people will be in a
position to take that decision. So bold, very difficult decision. But
sacrifices must be made and some of us started crying, ‘how can you remove fuel
subsidy?’ The masses are suffering.
“But by the grace of God, that decision he took – very
difficult decision, that made a lot of prices to group, price of fuel up –
today, things are stabilising.”
The minister also revealed that states now receive around N2
trillion monthly from federal allocations, attributing this increase to the
president’s bold decisions.
Wike said: “500 billion naira in a month for the federation.
Never. I’ve never had more than 10, 15 billion a month.
“Today, states are sharing not less than 2 trillion every
month. Why? Because of the removal of the fuel subsidy.”
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