Ex-Minister Kachikwu Recalls Buhari's Fuel Subsidy Threat, Policy Impact
Former Nigerian Minister Kachikwu recalled President Buhari's threat over fuel subsidy removal during a virtual business mentorship lecture. Kachikwu highlighted the challenges of fuel subsidy, mentioning its impact on petrol scarcity and smuggling.
He revealed Buhari's resistance to adjusting pump prices to reflect international market realities, leading to a loss in revenue. The former minister implemented a price modulation policy to address the issue, clearing fuel queues within 48 hours.
Kachikwu's insights provided context on the complexities of fuel subsidy and government policies in Nigeria.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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