The removal of the fuel subsidy by the Federal Government of Nigeria, according to news that was reported by the VANGUARD NEWSPAPER Online this morning, has crashed the daily figure of gasoline consumption, Senator Rilwan Akanbi said. He also suggested that the government increase wages as a way to mitigate the effects of the subsidy termination.CONTINUE READING>>>>>
The senator, who made this claim in a statement, reportedly claimed that Nigerians had previously been misled by various agencies since their daily use of 69 million liters had suddenly fallen to 13 million liters.
“After the subsidy was removed, we found that Nigeria was actually consuming 13 million liters per day rather than 69 million,” he stated. President Bola Ahmed Tinubu is making the finest choice for Nigeria’s existence by eliminating subsidies, which is the only alternative. He is a brave man who grabs the bull by the horns, no doubt about it. He deserves praise once more for ending the practice of trading crude oil for processed goods…… Continue Your Reading
He continued by saying that the NNPC Limited’s daily consumption figures had drastically decreased because the old figures’ constituent parts included real domestic consumption, gasoline smuggling into neighboring countries, and nonexistent petrol consumption figures that only existed because they were tied to false subsidy claims.