‘Economic situation would have been worse if subsidy wasn’t removed’ – FG

by danellefurnell4

The Federal Government has said the difficulties facing
Nigeria would have been worse if President Bola Tinubu had not removed subsidy.

The Minister of Information and National Orientation,
Mohammed Malagi, said the removal of the subsidy was in the best interest of
the country.

Featuring on Channels Television’s breakfast show Sunrise
Daily on Thursday, he said: “The foundation of our economy had taken a beating
a long time ago. The superstructure of our national economy has been one that
cannot hold a meaningful substructure.

“So, it is important that Nigerians recognise that the
President and his team would have to go back to reset that, and that is why,
from day one, he said, ‘Look, subsidy issue has to go’. He had to expect that
there would be this pain, of course.

“He anticipated that Nigerians would encounter some
difficulties. But it would be worse if that subsidy did not go. It would have
been difficult to carry out any meaningful development. We needed to free up
resources.”

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