“Fuel subsidy is another policy that has been implemented by the president, it’s the right policys. I always supported withdrawing fuel subsidy,” El-Rufai stated. However, he pointed out that the measures put in place by the government to mitigate the impact of subsidy removal were ineffective, leading to the decision to revert to the subsidy regime.
El-Rufai highlighted the paradoxical situation wherein the government is now paying even more for subsidy than before, indicating a failure in the initial plan’s execution. This revelation sheds light on the government’s covert actions regarding fuel subsidy, prompting questions about transparency and accountability in its policies.
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The reinstatement of fuel subsidy comes at a time when the global energy landscape is experiencing significant fluctuations, with repercussions on domestic fuel prices and government expenditure. It also raises concerns about the sustainability of such subsidies and their long-term implications for the economy.
As stakeholders and the public digest this revelation, calls for greater transparency and accountability in government policies are likely to intensify. The secrecy surrounding the reinstatement of fuel subsidy underscores the importance of robust oversight mechanisms to ensure that decisions affecting the welfare of citizens are made transparently and in the public interest.
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The disclosure by El-Rufai adds a new dimension to the ongoing debate surrounding fuel subsidy in Nigeria, reigniting discussions on the feasibility and implications of its removal or reinstatement. It also underscores the need for policymakers to carefully consider the socio-economic implications of their decisions and to communicate them effectively to the public.
Source: Leadership.ng
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