By Patrick Obia, Mary Bassey, Sylvia Akpan, Veronica Utsu, Wisdom Okon, and Winnard Able
In a major policy announcement during President Bola Tinubu’s May 29th inauguration, the government said there will be a removal of fuel subsidy. The subsidy, which has been in place for decades, has been a major drain on the country’s finances.
The president said that the removal of the subsidy was necessary to free up resources to be used for other important projects, such as education, healthcare, and infrastructure.
The announcement has been met with mixed reactions. Some people have welcomed the move, saying that it is long overdue. Others have expressed concern about the impact the high fuel prices will have on the cost of living.
The federal government added that they will be working to mitigate the impact of the higher fuel prices.
Nigerians are already feeling the economic impact of the removal of the fuel subsidy.
However, this is a major policy change that will have a significant impact on the lives of Nigerians.
In Calabar, the Cross River state capital, fuel is N600 per liter, while transportation fare has doubled.
Our news team went around the Calabar metropolis to get residents’ opinions.
Watch:
