A federal lawmaker, Chris Azubogu has described the sustenance of petroleum subsidy as the bane of Nigeria’s economy, saying it was unfortunate that the country did not pull out of it since 2011.
Mr Azubogu, a House of Representative member from Anambra State stated this Thursday on Focus Nigeria, a programme aired by the Africa Independent Television.
Nigeria’s President, Bola Tinubu had during his swearing into office on 29 May declared that petroleum subsidy was over, a development that has seen the price of petrol and transport fare triple within a week.
The price of a litre of petrol has gone up from N189 to N540, the largest margin in decades leaving Nigerians struggling to meet their needs with some unable to pay their way to work.
But Mr Azubogu, a three time member of the House of Representatives said what Nigerians are going through now as a result of subsidy removal would have been history if it was done since 2011, a statement that suggests he was blaming…