President Muhammadu Buhari’s actions, including removing subsidies, were driven by desire to stop the mismanagement of taxpayer money, the Presidency explained on Sunday
The Presidency was reacting to the complaints and protests trailing recent fuel price and electricity tariff hikes from Labour, civil society groups and opposition figures.
In a statement by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, the Presidency said even previous administrations had identified subsidy removal as the way for Nigeria to save public resources from mismanagement.
It, however, discarded the position of the opposition that the decision by the Federal Government to activate the subsidy regime end was ill-timed and ill-advised.
“The All Progressives Congress, APC came to power in 2015 defeating an incumbent administration amidst very high expectations from President Muhammadu Buhari.
“Five years on, the administration has worked hard to meet many expectations, but still, there are certain tough decisions which had to be taken to put back the country on the path of sustainable development.
“To stop the mismanagement of taxpayer money, eliminate corruption associated with subsidies on petroleum products, power, fertilizer among others, the administration took the decision to implement long-delayed reforms, withdraw and allow the market to determine their prices.