North, biggest beneficiary of my economic reforms’
By Omeiza Ajayi
ABUJA: President Bola Tinubu and his ruling All Progressives Congress APC have restated that the removal of fuel subsidy by his administration was a difficult but necessary decision that redirected national resources into productive sectors, even as the party pushed back against a proposal by former Vice President Atiku Abubakar to restore the subsidy regime ahead of the 2027 elections.
This position was canvassed by the National Chairman of the APC, Prof. Nentawe Yilwatda, who represented President Tinubu at the second edition of the Policy Roundtable organised by the APC Professionals Forum, tagged the Asiwaju Scorecard Series, with the theme “Dissecting the Renewed Hope Deliverables & Achievements,” held on Tuesday.
Yilwatda said the administration inherited “fuel subsidy distortions, multiple exchange-rate windows, weak revenue mobilisation, foreign-exchange shortages, rising debt-service pressures and years of inadequate investment in critical infrastructure” when Tinubu took office on 29 May 2023.
