Ex President, Olusegun Obasanjo, has disclosed that fuel subsidy which was removed by
the Federal Government in 2023 has been reintroduced due to inflation.
Obasanjo mentioned this during a recent interview with the UK Financial Times. He faulted the manner in which the subsidy was removed by the government.
According to him, the government should have implemented some measures before the
subsidy removal. He, however, explained that the subsidy has “come back” due to the inflation
rate.
He said:
“There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” Obasanjo said
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