Wike Praises Tinubu for Ending Fuel Subsidy as a Scam

Nyesom Wike, the Minister of the Federal Capital Territory, commended President Bola Ahmed Tinubu for his decisive action in removing the petrol subsidy, a move he described as demonstrating the political courage that previous Nigerian leaders lacked. Speaking at a political stakeholders’ forum in Abuja, Wike noted that while successive administrations recognized the irregularities in the subsidy regime, none had the resolve to abolish it.

He stated that Tinubu's decision, made during his inauguration on May 29, 2023, represented a significant shift from past policies. Wike acknowledged that the removal of the subsidy had led to increased living costs but remained hopeful that prices would decrease as the government's economic reforms took effect.

He also mentioned that under Tinubu's administration, state governors no longer needed to secure bank loans and highlighted the absence of strikes in public universities over the past three years, indicating progress in addressing various issues.