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Subsidy removal was necessary but the announcement was hastily done – Fayemi

Published

4 months ago

June 15, 2024

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Kayode Fayemi, former governor of Ekiti state, says the announcement of petrol subsidy removal was “a little bit precipitous”.

On May 29, 2023, President Bola Tinubu, in his inauguration speech, announced the removal of subsidy — a development which led to a hike in the pump price of the product and other items.

Speaking in an interview on Channels Television on Friday, Fayemi said the announcement did not give enough room for the federal government to prepare for the effects of the policy.

Fayemi said the Tinubu administration inherited a “challenging” economic situation and that the policies initiated were appropriate.

“The government that is in office now inherited a challenging situation,” the former governor said.

“We are not unaware of where we have come from because it is the same party that transitioned into the current government.

“I think there were some missteps, not policy changes that were wrong.

READ Abdulsalami warns Buhari against fuel subsidy removal

“I actually think the policy changes were appropriate but the announcement at the inauguration day was a little bit precipitous and did not allow for enough room to prepare the ameliorating circumstances that would address the challenges that were bound to come in terms of inflation.”

The former minister said the federal government has recognised the challenges and is working towards improving the situation.

He added that the ruling All Progressives Congress (APC) cannot absolve itself from the “deleterious” economic situation Nigerians are grappling with.

“The Nigerian people, in a democracy, have the last word. If they are not happy with our political party, they have to take the decision on that front,” he said.

“I believe things will improve. If things don’t improve, Nigerians deserve what they want to do with us.”

Related Topics:DR KAYODE FAYEMI FUEL SUBSIDY REMOVAL

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Tinubu’s planned cabinet reshuffle won’t make any difference, says Buba Galadima

Published

1 hour ago

September 28, 2024

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Buba Galadima, a chieftain of the New Nigeria Peoples Party (NNPP), says President Bola Tinubu‘s planned cabinet reshuffle would not make any difference.

On September 25, Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu “has expressed his desire to reshuffle his cabinet and he will do it”.

Speaking on Politics Today, a programme on Channels TV on Friday, Galadima said reshuffling the cabinet would not curb food inflation.

Galadima claimed that the president intends to reward his cronies with the reshuffle.

“That (planned cabinet reshuffle) has nothing to do with me or any Nigerian. What is of importance to all of us is bringing down the harsh conditions of living and the buck stops only on the table of one man. That is President Bola Ahmed Tinubu,” Galadima said.

“No amount of reshuffling can make a difference. As far as that team is only ‘job for the boys,’ nothing will come out of it.

READ EFCC arrests ex-gov Obiano at Lagos airport

“Anybody that calls himself president or governor is responsible for their cabinet’s performance. He should be told that some of his appointees are more interested in their pockets than service delivery.

“I expected him to do better than this; and to hit the ground running.”

The NNPP chieftain asked Tinubu to find a solution to the country’s foreign exchange crisis “which has seen the naira performing abysmally”.

There have been growing calls from Nigerians and members of the All Progressives Congress (APC) for Tinubu to reshuffle his cabinet and remove underperforming ministers.

Tinubu’s policies have driven petrol prices to record highs and depreciated the naira to record lows since he assumed the reins on May 29, 2023.

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Israel claims Hezbollah leader killed in Beirut strike

Published

2 hours ago

September 28, 2024

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The Israeli military announced early Saturday that Hezbollah chief Hassan Nasrallah was killed in a strike on Beirut.

“Hassan Nasrallah is dead,” military spokesman Lieutenant Colonel Nadav Shoshani announced on X. Military spokesman Captain David Avraham also confirmed to AFP that the Hezbollah chief had been “eliminated” following strikes Friday on the Lebanese capital.