Kyari Bukar, a former chairman of the Nigerian Economic Summit Group (NESG), says President Bola Tinubu should have removed subsidy on premium motor spirit (PMS), also known as petrol, gradually to ease the effect on Nigerians.
Speaking on Friday when he featured on Inside Sources with Laolu Akande, on Channels Television, Bukar said the petrol prices should have been removed by 5 percent every six months.
He said removing the subsidy gradually would have prevented the public from feeling the impact as quickly as they did.
“There is a lot of anxiety in the country and economically speaking, there is also a lot of hunger and people have become violent,” Bukar said.
“People are saying things that they ought not to be saying and all of those are tied to a few of the policy stunts that we started very early on: the fuel subsidy removal and, of course, the harmonisation of the exchange rates.
“Both of them are good policies if it had been done in a more informed manner. My…