Shettima to lead discussions on subsidy removal palliatives

Shettima to lead discussions on subsidy removal palliatives

Vice-President Kashim Shettima will coordinate discussions on governments’ interventions to mitigate the impact of fuel subsidy removal on the people.

Already, President Bola Tinubu has directed the VP-led National Economic Council to begin the process.

This was disclosed on Wednesday by Governor Dapo Abiodun of Ogun State while briefing State House reporters after leading some major oil marketers on a visit to the President at the Presidential Villa, Abuja.

The governor said the marketers were in the presidential villa to express solidarity with the president for his bold decision to end subsidy payment on Premium Motor Spirit (PMS) popularly known as petrol.

He said the President’s action showed his determination and courage to remove the hemorrhage that had bedevilled the country for decades.

The governor said while there would be some discomfort on the part of the people, the move would eventually pay off as there can be no gains without pains.

He said with the policy in place, the country would be saving over N6 trillion annually.

Abiodun noted that fuel prices had escalated in some neighbouring countries because of the increase in pump price in Nigeria.