Bola Tinubu
The presidential candidate of the ruling All Progressives Congress, Asiwaju Bola Tinubu, has stated that if he emerges victorious in the forthcoming polls, he will remove the subsidy on petrol.
Tinubu disclosed this while meeting with business leaders in Lagos State on Friday.
The APC flag bearer said funds spent on fuel subsidies would be redirected to public infrastructure, health, and physical policies, among others.
He said: “We must remove the PMS subsidy immediately. We will redirect funds to public infrastructure, health, and affordable infrastructure.
“Physical policy will be the main driver, we must steadily move out budget from dollar-dominated oil revenue.”
Nigeria expends heavily on fuel subsidies yearly, a situation that some economic stakeholders have described as fraudulent.
Similarly, the Labour Party, LP, presidential candidate Peter Obi had described fuel subsidy in Nigeria as an organized crime.
Obi vowed to remove fuel subsidy if elected president next month.
