Bola Ahmed Tinubu, GCFR
President and Commander-In-Chief of the Armed Forces
Aso Rock Villa, 3 Arms Zone
Garki – Abuja
Federal Republic of Nigeria
N180BN PALLIATIVES: CACOL CALLS FOR JUDICIOUS DISBURSEMENT
For some days now, Nigerians have been facing the reality of the fuel subsidy removal. The removal of the subsidy on fuel in Nigeria has led to rising inflation and reduced economic welfare, hurt economic growth and reduces household income, and makes firms less competitive. There is confusion everywhere, and people are coming to terms with this reality.
However, the pressure this exerts on Nigeria’s fragile socio-political and economic conditions is enormous and gradually heading to a tipping point. Social media are awash with harrowing videos of people’s reactions in various parts of Nigeria, and they all point to the pervading rage, frustration, and hardship people are going through.
To this end, we at The Centre for Anti-Corruption and Open Leadership, CACOL, would like to commend your administration for approving the sum of one hundred and eighty billion naira (N180bn) as palliatives for the 36 states of the federation.