PUNCH
A group, Global Amnesty Watch, has praised President Bola Tinubu for taking the bold step of eliminating fuel subsidy.
According to the group, the President demonstrated strong political will and a desire to boldly address the country’s challenges, liberating it from the clutches of fuel importers and marketers.
The GAW stated this in its country situation report, which was signed by its director, Isaac Ikpa, and made public on Thursday in Abuja.
“One of the critical decisions taken by the Bola Tinubu administration was the announcement of the removal of subsidy on Premium Motor Spirit,” the report said.
The Global Amnesty Watch commends the decision, which resonates with the necessity of time given that the subsidy regime was not sustainable and fraught with irregularities that take a large chunk of the country’s resources, running into trillions of naira.
“The removal of subsidy on petrol is a step in the right direction. It was a demonstration of strong political will and the desire to address the country’s challenges in an audacious manner that frees the country from the clutches of fuel importers and marketers.
“It is a statement of the fact that the decision by President Bola Tinubu is a step that would put the country in good stead economically. This is on the heel that savings from the removal of subsidy would be channelled to other sectors begging for attention
President Bola Tinubu, with the action on subsidy removal, indeed sent a positive signal to the international community on what to expect in the years ahead about policy formulation and implementation”, the report added.
