President Tinubu Has An Immediate And Effective Solution For Effects Of Subsidy Removal – Oshiomhole

Adams Oshiomhole, a former governor of Edo State, claimed President Bola Tinubu had a quick fix to soften the fallout from the elimination of subsidies.

This was said by Oshiomole in an interview with Sunday Politics on Channels Television.

The former governor expressed optimism that disagreements between the Federal Government and organized labor over the withdrawal of gasoline subsidies would be quickly resolved.

Oshiomhole claims that Tinubu is aware of the effects the removal of fuel subsidies is having on Nigerians and is determined to act right away to mitigate them.

“This president understands that the effect of the withdrawal is already here, people are already experiencing some level of discomfort, and there has to be an immediate solution to it,” he said.

“Now that immediate solution is what we discussed and the fact that we are meeting on Tuesday again shows that clearly, we realize that this is not one of those things you want to buy time because it has a real negative impact, on particularly, the most vulnerable group.

“But we have a solution to it because you are going to make savings, so take from that savings or even if it is borrowing.

“So, whatever it is, you can leverage some revenue and improve wages to cushion the cost of living, I think it is legitimate, I think it is doable, it is not something that you want to spend two to three months negotiating,” he said.

Oshiomole, who is a former president of the Nigeria Labour Congress (NUC), was part of a meeting between the Federal Government and the Trade Union Congress (TUC) on Sunday.

He said the meeting was productive, adding that the government will consider all the demands by the TUC and revert on Tuesday.

Oshiomole said if Nigeria can save about N7 trillion by ending subsidy, the Federal Government can take part of that money and put in the wage sector.

He said, “This is possible because those savings will go into the federation account which will be distributed among the three tiers of government and so every tier of government will have more money and should be able to meet the consequential increase in wages.”