Daniel Bwala, an aide to the 2023 Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar has said fuel subsidy removal is the greatest good Nigeria needs.
Bwala, however, said removing fuel subsidy without cushioning the effect would put Nigeria under heavy burden.
He noted that the fuel subsidy removal would be a breeding ground for scammers and racketeering if there is no re-investment plan.
Tweeting, Bwala wrote: “REMOVAL OF FUEL SUBSIDY is the greatest good our nation needs; but if the cushioning effect is not made available FIRST before the REMOVAL, it will place the masses under heavy and unbearable burden.
“Secondly, if there is no WELL DEFINED AND WORKABLE re-investment plan in transport, education, healthcare and infrastructure which naturally benefits the poor, SMEs drivers and middle class who are the engine of our of our economy, then the whole thing will become ANOTHER SCAM from one RACKETEERS to ANOTHER.”
Tinubu had announced the end of the fuel subsidy regime during his inauguration on Monday.
Following Tinubu’s declaration, the pump price of fuel increased across the country.