Former spokesperson of the Peoples Democratic Party (PDP), Kola Olologbondiyan, has condemned the removal of fuel subsidy and Naira fluctuations by President Bola Tinubu’s administration, saying these policies are detrimental to Nigeria’s economy. Ta.
Appearing on Channels TV’s The Morning Brief on Monday, Ologbondiyan said a more realistic approach was the gradual removal of subsidies combined with effective mitigation measures such as subsidized public transport. I argued that it would be free.
He criticized the administration for prioritizing subsidized rice instead of addressing broader issues affecting Nigerians.
The former PDP spokesperson expressed dissatisfaction with the lack of firm engagement of the PDP with the government, saying more alternatives should be presented to address the country’s challenges.
His remarks were made at the PDP governors meeting last weekend, where he called on President Tinubu to reform the economy.
“Fundamentally, as Kola Ologbodyan, I agree with the ideas laid down by the first founders of the party.
“Take, for example, the issue of subsidy abolition, because what brought Nigeria to its knees were these two big decisions by President Bola Tinubu, especially on subsidy and naira abolition.”
“But we know that under the leadership of the PDP in the past, what we were doing was phasing out subsidies with mitigation measures as well.The APC said that a bag of Nigerians costs ₦40,000. 40,000 to go buy rice. But the needs of Nigerians are not limited to rice. Therefore, if there is a public transport system that does not require you or me to drive a car, it is necessary. , I think the policies will also be better.
“But the unfortunate thing we are witnessing today is that even as the PDP, we are paying lip service to alternatives to get the incumbent government involved in reforms,” Ologbondiyan said.
Since the abolition of petrol subsidy, the price of Premium Motor Spirit (PMS) has soared from an average of ₦189 per liter in May 2023, when President Tinubu took office, to more than ₦1,000 per liter in recent months.
