Vice President Kashim Shettima emphasizes the potential long-term consequences for Nigeria if President Bola Tinubu’s administration fails to eliminate fuel subsidies.
Shettima argues that removing the subsidy would serve the interests of the masses, despite potential protests from the upper class who have been the primary beneficiaries thus far. Speaking to journalists after assuming office as the Vice President in Aso Villa, Abuja, Shettima expressed his viewpoint on Tuesday.
It should be noted that President Tinubu had previously announced the imminent removal of fuel subsidies shortly after his inauguration as the President of the Federal Republic of Nigeria. Responding to this announcement, Shettima stated,
“The President has already addressed the issue of fuel subsidies. The reality is that either we eliminate the subsidy or the fuel subsidy will eliminate the Nigerian nation.”
He further noted, “In 2022, we spent $ 10 billion subsidising the ostentatious lifestyle of the upper class of society because you and I benefit 90% from the oil subsidy. The poor 40% of Nigerians benefit very little.
“And we know the consequences of unveiling a masquerade. We will get fierce opposition from those benefitting from the oil subsidy scam. But where there is a will, there is a way. Be rest assured that our president is a man of strong will and conviction.
“In the fullness of time, you will appreciate his noble intentions for the nation. The issue of fuel subsidy will be frontally addressed. The earlier we do so, the better.”
