Vice-president Yemi Osinbajo says it has reached the point where the government will have to take tough decisions on the desirability of retaining fuel subsidiesExpresses the confidence that Nigerians are prepared for all what isrequired and all it would take to make a real differenceSays the ministry of finance is putting in place a system that would ensure accountabilityVice-president Yemi Osinbajo has said it had become necessary for thegovernment to remove fuel subsidies due to challenging economic times.
Vice-president Yemi Osinbajo says it had reached the point where the government to decide what to do with subsidiesSpeaking at the third Ogun state investors’ forum held in Abeokuta, the state capital, Osinbajo said it hadreached the point where the government will have to take tough decisions on the desirability of retaining fuel subsidies, adding that the government must make very tough choices to make real difference, This Day reports.
He said:“No matter how we slice it, we are in economic times that are challenging, but they provide us with some of the best opportunities for making a real difference in our economic life.“I think that we are at a point that a lot has been said about subsidies and what to do with subsidies. I thinkwe are at a point where we must make many difficult decisions and make very tough choices.“But I think the Nigerian people are prepared for all what is required and all it would take to make a real difference.“In no way can a country make the kind of progress we expect it to make without being able to ensure that in public life our finance system is transparent and would ensure thatthere is accountability.
The Osinbajo said the ministry of finance was putting in place a system that would assure accountability.He said the system would ensure that public funds are accounted for and that the country is not exposed the huge corruption experienced in Nigeria for years.Meanwhile, the minister of information and culture, Alhaji Lai Mohammed has saidthe administration of President Muhammadu Buhari will ensure that the recovered looted funds are neverlooted again.Speaking at the second town hall meeting to mark the one year anniversary of President Muhammadu Buhari’s administration in Kaduna on Tuesday, May 10, the minister said the president was committed to ending corruption in the country in line with his campaign promises.
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