Newspointer May 19, 2024
By Our Correspondent
Former Secretary to the Government of the Federation (SGF), Mr Babachir Lawal, has said the announcement of fuel subsidy removal by President Bola Tinubu on the day of his inauguration on May 29, 2023, led to the collapse of Nigeria.
This is just as he said that the use of Compressed Natural Gas (CNG) vehicles will not work in Nigeria unless the federal government provides the framework for its functionality.
Lawal said the shocking announcement plunged the country into economic malady, noting that the policy was launched before the cabinet was assembled.
The former SGF said this while discussing the state of the nation on an online television.
According to him, the announcement of the elimination of gasoline subsidies increased the cost of transportation, which is the primary source of income for both the rich and the poor in Nigeria.