The Minister of Budget and Economic Planning, Atiku Bagudu, has defended President Bola Tinubu’s economic reforms and the removal of the fuel subsidy.
Bagudu noted that the removal of fuel subsidy is a crucial step for Nigeria’s economic development.
In an article published in The Explainer, Volume 28, dated Friday, 27th September 2024, Bagudu pointed out that discussions on fuel subsidies often neglect the fact that prices for diesel and kerosene have already been deregulated, while petrol remains relatively cheaper.
The Explainer is a weekly publication by the National Orientation Agency.
In his commentary, Bagudu stressed the importance of transitioning to Compressed Natural Gas as a more affordable energy source, especially for transportation.
“The President addressed the fuel subsidy issue and the debate surrounding CNG adoption. While this transition may cause…