Former Minister of Education, Obiageli Ezekwesili, says the removal of fuel subsidy by the Tinubu administration was a good reform but implemented in the wrong way.
Ezekwesili stated this on Monday during the ongoing Nigerian
Bar Association, NBA, Conference at the International Conference Centre in
Enugu.
According to her, although the move was necessary, it was
not well-prepared for and has worsened inflationary pressures on ordinary
Nigerians.
“It is possible to implement the right policy in the wrong
way. When that happens, the results can be counterproductive.
“The fuel subsidy removal was a good reform, but it was not
properly prepared for. Inflation is punishing the populace, especially the
poor,” she said.
This comes after an earlier presentation by the Minister of
Interior, Olubunmi Tunji-Ojo, who emphasized the significance of prioritizing
research and production as a pathway to Nigeria’s prosperity, citing China’s
heavy investment in research and development.
The ex-Minister, however, argued that reforms must be
carefully sequenced and designed to protect vulnerable groups.
She faulted the way in which the subsidy removal was
announced, noting that the immediate impact plunged many households into
hardship.
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