Close Menu
    Facebook X (Twitter) Instagram YouTube
    Advertise with us Thursday, July 24
    Facebook X (Twitter) Instagram
    Platform TimesPlatform Times
    VIDEOS
    • Home
    • News
    • Metro
    • Politics
    • Business
    • Education
    • Health
    • Special Reports
    • Entertainment
    • Sports
    • Interview
    Platform TimesPlatform Times
    • Home
    • News
    • Metro
    • Politics
    • Business
    • Education
    • Health
    • Special Reports
    • Entertainment
    • Sports
    • Interview
    Home»News

    Subsidy removal best thing to happen to Nigeria – Senator Sani

    By November 9, 2024 News No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Chairman of the Senate Committee on Finance, Sani Musa, says President Bola Tinubu’s economic reforms, especially the floating of the naira and removal of fuel subsidy, were the best things to happen to Nigeria.

    DAILY POST recalls that upon his inauguration and assumption of office in May 2023, President Tinubu ended a long-standing fuel subsidy that cost the government billions of dollars a year and also liberalised the naira currency in a bid to draw more investment.

    According to government officials, the reforms were needed to revive the country’s economy and investors have applauded the moves, but Nigerians are struggling with tripled fuel prices and inflation now at 25 percent.

    However, Senator Sani, while speaking on Channels Television’s Politics Today on Friday, said the removal of subsidy on petroleum products was the best thing to happen to Nigeria.




    “We want to be sure that what we are doing is not going to reflect negatively on Nigerians.

    “What this government is doing, by virtue of the fact that we removed subsidy, removing subsidy is the best thing that has happened to this country,” he said.

    The senator, who represents Niger East district in the National Assembly, argued that the Federation Account Allocation Committee, FAAC, disburses enough funds to states on a monthly basis.

    He, however, blamed some states for not making good use of the allocation to address some major issues in their jurisdiction.

    “Today how much are we owing? If the money that Nigeria is making today and the money that FAAC is distributing to the states, the state governments utilize that money adequately, a lot of things will go well,” he said.

    Subsidy removal best thing to happen to Nigeria – Senator Sani

    Pelican Valley'
    Pelican Valley'

    Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com

    We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE

    Pelican Valley

      Keep Reading

      Teen Mum Delivers Triplets, Ogun Govt Steps In After Father Flees

      Organ Harvesting, Loan-For-Sex Scams On The Rise In Nigeria — NAPTIP Raises Alarm

      Six Nigerians Trapped in CAR After 10 Months Unpaid Work for Chinese Firm

      Ogun Expands SGBV Centres, Leads Southwest Gender Reform Push

      Ogun Govt Confirms Custody of Rescued Baby, Debunks Viral Claim

      Court Slams Police With ₦10m Fine Over Arrest Of #EndSARS Memorial Protesters

      Add A Comment

      Comments are closed.

      Ad
      Ad
      Pelican Valley
      Pelican Valley
      Pelican Valley
      Advertisement
      Advertisement
      Advertisement
      Advertisement
      Ad
      Ad
      Pelican Valley
      Pelican Valley
      Pelican Valley

      Platform Times is a trailblazing news website that empowers grassroots communities across Africa by delivering the latest news through engaging multimedia content. By leveraging photos, text, and videos, the site inspires concerned citizens and activists worldwide to take action against critical issues, including corruption, poverty, environmental degradation, and democratic disregard.

      We're social. Connect with us:

      Facebook X (Twitter) Instagram Pinterest YouTube
      • About Us
      • Advertise
      • Contact Us
      • Disclaimer
      • Download Platform Times app

      Subscribe to Updates

      Get the latest update news

      Facebook X (Twitter) Instagram Pinterest
      • About Us
      • Advertise
      • Contact Us
      • Disclaimer
      • Download Platform Times app
      © 2025, All Rights Reserved | Platform Times Newspaper | Powered By CyberWarrior

      Type above and press Enter to search. Press Esc to cancel.