On Friday in Abuja, Garba Sani, the founding chairman of the APC United Kingdom Chapter, pleaded with Nigerians to support President Bola Tinubu’s government despite the difficulties brought on by the elimination of the gasoline subsidy.
He offered the counsel in an interview during a gathering that Ade Omole, the director of the APC Presidential Campaign Council’s (PCC) Diaspora Directorate, hosted.
On May 29, President Tinubu announced during his inaugural speech that the government could no longer afford gasoline subsidies.
Despite the difficulties now faced, particularly in light of the increase in transportation costs, Mr. Sani, who was also a member of the now-defunct APC PCC Diaspora Directorate, claimed that better days were still to come.
“The government of Tinubu has a refocused agenda and a refocused optimism for Nigerians that would lift the nation to new heights.
“However, the much-discussed newfound optimism is not just dependent on Tinubu, Sen. Kahsim Shettima, his Vice-President, or other government apparatuses to make it a reality.
“As Nigerians, we must all join forces and contribute to the development of this nation. We all need to participate to help the country advance, Tinubu and the government cannot do it alone, he remarked.
Remember that Mele Kyari, Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC), already clarified that, in contrast to rumours, the most recent administration did not include funding for petroleum subsidies in the budget for 2023.
“A subsidy was offered in 2022, but in 2023, not a single naira was made available to finance the subsidy.
Finally, even though we delayed paying our budgetary responsibilities, the federation still owes the NNPC almost N2.8 trillion in net balance.
“Any firm that has a negative N2.8 trillion cannot have receivables because no company in all of Africa will lend to it.
Mr. Kyari had stated, “The provision of subsidy is there, but absolutely there is no funding for it,” pointing out that it was only in existence in theory.
He said that this was the actual state of affairs and that the Federal Government could no longer provide gasoline subsidies.
According to him, the NNPC would slip into deficit if the government kept subsidizing the price of petrol, which would not be healthy for the nation.