In a candid and critical address on Wednesday, Edo State Governor Godwin Obaseki expressed his dismay at the Federal Government’s lack of clarity and direction regarding plans to mitigate the repercussions of the fuel subsidy removal. Speaking from the state capital of Benin City, Governor Obaseki labeled the government’s proposed palliative concept as fraudulent, asserting that the nation’s predicament was rapidly deteriorating due to misguided policies.
Governor Obaseki, a vocal advocate for prudent economic management, had previously cautioned the nation. He had warned the Nigerian populace during this year’s May Day that the traditional economic framework of the country was no longer tenable. He emphasized the necessity to embrace a new economic order, stressing that national self-deception must cease.
“The era of subsidy is behind us; the exchange rate is being recalibrated. The era of easy money is almost at its end. Regrettably, the most vulnerable and marginalized members of our society will disproportionately bear the brunt of these policies,” Governor Obaseki lamented.
The governor expressed his astonishment at the lack of preparedness exhibited by those who had campaigned for the removal of subsidies. He highlighted the absence of concrete plans to support the individuals who would be adversely affected by this decision. “It is both shocking and distressing to witness the dearth of strategies or solutions from our government in response to the consequences of their policy actions,” he said.
Governor Obaseki raised concerns about the nation’s mismanagement of its economy, which had led to an inflation rate hovering between 20 and 25 percent. He predicted that the general population would experience heightened financial strain, particularly the elderly, pensioners, and other vulnerable members of society. The governor vowed not to forsake the affected citizens of Edo State, affirming that the state government would stand by its commitment to provide support to those adversely impacted.
In closing, Governor Obaseki expressed his preference for the term “support” over “palliative,” asserting that the latter term held a sense of deception. He underscored the state’s determination to uphold its responsibility to its constituents who had become victims of this policy measure.
As the debate surrounding the consequences of the fuel subsidy removal intensifies, Governor Obaseki’s outspoken critique sheds light on the urgent need for comprehensive planning and thoughtful consideration of the welfare of the nation’s most vulnerable citizens.
