The Minister of Information and National Orientation, Mohammed Malagi, says Nigerians will soon begin to feel the positive impact of the removal of petrol subsidy.
The minister disclosed this on Tuesday, when he received Niger State Governor Umar Bago in his Abuja office.
Malagi stated that President Bola Tinubu’s decision to eliminate petrol subsidies is for the interest of the country.
The minister went on to say that the Federal Government has subsequently saved money from the subsidy reduction, which it has paid to the states to offset the economic impact of the subsidy removal.
He said, “You will agree with me that the fuel subsidy that was removed was actually in the best interest of Nigerians. We have said repeatedly that the pain of that removal will be felt temporarily before the smile, the positive of it will be seen.
“Within a short time, so much money has been saved and part of that money is already being sent to states so that the difficulty occasioned by the removal of the fuel subsidy is already being subsidised so to say.”
The minister also expressed confidence in the Tinubu administration to actualise his eight-priority agenda for the benefit of Nigerians.