Enugu Governor Mbah Supports Tinubu's Fuel Subsidy Removal

Dr. Peter Mbah, the Governor of Enugu State, expressed strong support for the removal of fuel subsidy by President Bola Tinubu’s administration during a town hall meeting organized by Afia TV in Enugu. He stated that it is inconceivable to consider a return to the subsidy system, arguing that doing so would create panic among investors and lead to significant economic losses.

Mbah emphasized that reintroducing the subsidy would devalue the naira and increase poverty rates. He highlighted that the previous subsidy primarily benefited the wealthy rather than the intended less privileged.

Mbah noted that the government is now focusing on targeting the poor through cash transfers and other initiatives. He praised Tinubu's policies for stabilizing macroeconomic indicators, which have encouraged both portfolio and direct foreign investments.

Mbah concluded that the nation should concentrate on fostering private capital flow and ensuring that the benefits of subsidy removal reach households.