Gbenga Daniel: We Subsidised West Africa’s Petrol Consumption, It Was Not Sustainable

Concerning the recent removal of subsidy and the support gotten by the president from the legislative house, lawmakers have made the president’s reason clear stating that it was a bold move as the nation could no longer shoulder the burden of subsidizing petroleum.

In an interview with ARISE NEWS on Thursday, Former Governor of Ogun State Gbenga Daniel shared his opinion on the recent;y enacted law which has taken immediate effect in the nation. 

According to Senator-Elect, the president is simply acting on his mandate , saying, “I think what the president has done is to, as it were, hit the ground running. By saying clearly that we shouldn’t expect anything in terms of continuous subsidy. 

“The othe thing I want our people to appreciate is that everybody in the last how many years have come to the conclusion that subsidy was not sustainable. But nobody was bold enough  and even the out going president said it would go after he has left. And somebody has come and said ‘let’s stop deceiving ourselves’. 

“One thing I have noticed that no one has spoken about is that the biggest problem about it is that We subsidize not just Nigeria but the entire West Africa region.”

The former governor stated that focus should be shifted to finding a way to which the people would be relieved of the effects of the price hike in petroleum”

“I think the biggest issue would be how to cushion the negative effects and that is what we should just advice the presidency to find a way in addressing.”

Glamour Adah

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