Tinubu, a former Governor Lagos State, also commended Buhari for the move, describing it as ‘a courageous decision to reallocate funds to other more socially productive services and undertakings.’
A statement released by Tinubu, Thursday, in reaction to the subsidy removal, further noted ‘it would have been politically easy for the President to sit back and let the subsidy remain in place, adding that in the art of governance, the easiest policy is rarely the best one.’
“It was a benefit all were to enjoy. Yet, because past governments were not for and of the people, the true meaning and objective of the subsidy policy became lost. Over the years, the operation of the measure was distorted to where it no longer functioned for the benefit of the masses but for the undue enrichment of a small club of businessmen, some legitimate in their work, some not. Instead of remaining a positive aspect of the social contract, the subsidy was transformed into an opaque haven of intrigue and malfeasance.
“It was turned into a shadowy process from which the unscrupulous extracted large sums of money without providing the services and products duly paid for. Fake businessmen became true billionaires over night as if by supernatural force. They paraded themselves as such.
“Meanwhile, the rest of the nation, the innocent people where left to face erratic supply and were made to groan in the misery of long fuel queues and the high costs and loss of time attendant to this situation.”