President Tinubu Directs NEC to Begin Intervention for Fuel Subsidy Removal

…By Dorcas Funmi for TDPel Media. President Bola Tinubu has reportedly instructed the National Economic Council (NEC) to commence the intervention process aimed at mitigating the impact of fuel subsidy removal.

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The disclosure was made by Governor Dapo Abiodun of Ogun State during a visit with major oil marketers to the President at the Presidential Villa in Abuja.

NEC’s Role in the Intervention:

Governor Abiodun stated that while he understands the removal of fuel subsidy will cause hardship for Nigerians, Vice President Kashim Shettima, leading the NEC, has been directed to initiate the intervention process.

The goal is to devise strategies to alleviate the challenges that may arise as a result of the subsidy removal.

President’s Determination to Eliminate a Long-standing Issue:

Governor Abiodun acknowledged that the removal of the fuel subsidy signifies President Tinubu’s determination and courage to address a long-standing problem that has plagued the country for decades.

Despite acknowledging that there will be some discomfort for Nigerians, the governor emphasized that the ultimate benefits will outweigh the temporary hardships, as progress often comes with sacrifices.

Solidarity Visit by Oil Marketers:

Governor Abiodun explained that the purpose of the visit to the Presidential Villa by the major oil marketers was to express solidarity with the President for his bold decision to end subsidy payments.

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This move indicates their support for the President’s initiative and their recognition of the need to address the issue of fuel subsidy in the country.

Conclusion:

President Bola Tinubu’s directive to the National Economic Council to initiate an intervention process for mitigating the effects of fuel subsidy removal demonstrates a commitment to resolving a longstanding issue.

While acknowledging the anticipated hardships, Governor Abiodun expressed confidence that the long-term benefits will justify the temporary discomfort.

The solidarity visit by major oil marketers further emphasizes support for the President’s decision and the recognition of the necessity to address the fuel subsidy issue.

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