Mixed reactions have continued to trail the pronouncement of removal of fuel subsidy by President Ahmed Tinubu.
Some Nigerian, who bared their minds on the development, described it as anti-citizen, while others perceived it as a square peg in a square whole for all round development of the country’s economy.
These were the opinions of respondents that spoke to ABS during the monitoring of the effects of fuel subsidy removal on the masses and activities of fuel stations in Awka and environs.
According to findings, Fuel subsidy is a form of government intervention to reduce the cost of fuel by providing direct financial support to oil companies, thereby subsidising the product to consumers.
This implies that the removal ends government’s support to the oil companies thereby leaving consumers to bear the consequences.
During the monitoring exercise, it was observed that most fuel stations in Awka were not open for business while those that opened dispensed fuel at five hundred, six hundred and seven hundred naira per litre, hence compelling people to move around in search of where to buy at the initial pump price of two hundred and fifty naira or the present price.
In their separate interviews, Engineer Sunday Nweke, Mr. Kenechi Ndu and Mr. Obinna Okeke, described the decision as a wrong move, saying that it is too early for such especially now that Nigerians are still trying to recover from Buhari’s administration which according to them cost citizens a lot of hardship and advised President Tinubu to allow the fuel subsidy to continue.
For a stakeholder in Awka, Chief Obi Ochije-Muodilim and Mr. Chukwuma Oyo-Awka, the removal of fuel subsidy is a good move and if well managed will go a long way in repositioning the economy, even as they alleged that many enriched themselves with the fuel subsidy and when it is stopped, money used for it will be channeled to other sectors like education, infrastructures and others
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