The Anambra State Commissioner for Petroleum and Mineral Resources, Mr Anthony Ifeanya, has backed the subsidy removal policy of the Federal Government that has triggered an increase in the price of fuel from N520 to N617 across the country.
Speaking in Awka on Wednesday, Ifeanya, noted that the subsidy removal will be beneficial to all Nigerians in the long run.
He commended President Bola Tinubu for his courage to remove the subsidy, adding that past administrations have only paid lip service to the issue.
He said, “The subsidy removal is a bold step taking in the right direction. It will be of benefit to all Nigerians at the end of the current pains everyone is passing through.
“The President has taken the best and wisest decision for the collective good of Nigeria and its people. Nigerians are suffering at the moment but things will get better in the later days to come.
“What the President has just done has been lying down on the table of previous administrations for years. None of the past leaders had the political will and courage to take the bull by the horns.
“For me, there is no need for Nigerians lamenting. I know Nigerians are currently passing through hardship as a result of the policy, but there will be light at the end.
“Nobody is happy. The whole economy’s value chains are affected. Something good will come out of the policy, despite the fact that the policy will have a long time effect. The policy is good because it will lead us to the promised land. If we must get it right in Nigeria, it is a policy that will make every Nigerian cut down their lifestyle.
“The three tiers of Government; Federal, State, and the LGA’s will get something higher with the policy, especially, this month of July.
“I appeal to Nigerians to bear with the government for now as the present hardship will ease out with time. Unfortunately, the subsidy regime has only been benefiting a few people in the oil industry and Nigeria must break this chain once and for all.”