Oluseun Onigbinde (Photo credit:Oluseun Onigbinde twitter)
Oluseun Onigbinde a prominent Nigerian entrepreneur and open data analyst has said the removal of fuel subsidy is a way to social disorder
In a statement posted on his Twitter handle on Monday, Oluseun Onigbinde, a co-founder, and CEO of BudgIT, as well as a transparency activist, expressed his concerns regarding the removal of fuel subsidy without thorough and adequate deliberation. He emphasized that such a decision could potentially lead to social disorder.
Oluseun said on Monday that “Subsidy Removal must happen but it requires tact. You have to figure out how to handle food inflation, provide alternative means of transport, and ramp up social investment under a well-structured social investment program. Anything else is a pathway to social disorder.”
President Bola Tinubu, the recently sworn-in president of Nigeria, said in his inauguration speech on May 29, 2023, that
“subsidy is gone.” However, the concerns raised by stakeholders in the petroleum sector indicate that there was insufficient dialogue before the president made the announcement on Monday.