Removal Of Fuel Subsidy Saved ₦‎5.4 Trillion For Nigeria – Governor Abiodun - Politics

 

The Governor of Ogun State, Dapo Abiodun has said that the subsidy on fuel, if not removed by President Bola Tinubu, would have cost the country N5.4 trillion by the end of 2024.

Abiodun said that it would have been devastating for Nigeria to pay such a huge amount in comparison to the Federal Government’s budget of N6.7 trillion for the same fiscal year.

The governor who spoke during a Special Church Service to mark the 64th National Day celebration at the Cathedral Church of St. Peter, Ake, Abeokuta, said the money is now available for the development of infrastructure across the country.

He said:” Mr. President removed the subsidy, which, if not curbed, would have cost us N5.4 trillion by the end of 2024.

“We have been busy subsidizing our neighbours; these are funds that can be invested in improving our infrastructure and other social services.

“Our budget this year for infrastructure was N6.7 trillion, meanwhile, the subsidy would have consumed N5.4 trillion, if not curbed or checked.”

Earlier in his message titled ‘Leading Our Nation Forward in a Time Like This: Lessons from Elisha’s Leadership’, the Diocesan Bishop of Ijebu North Anglican Diocese, Rt. Rev’d Dr. Akinwande Odubena, who also read from the book of 2 Kings, Chapter 7, Verse 1, noted that leadership plays a crucial role in the future of any country.

The cleric maintained that the country is currently dealing with hyper-inflation, problems of oil theft, increase in unemployment that has given birth to internet fraud, insecurity, infrastructural challenges, kidnapping and banditry. He urged citizens to be hopeful for a better Ogun State and Nigeria as a whole.

The bishop, while noting that it was important for the people and the leaders of Nigeria to trust in the plan of God, said that unity and prosperity must be prioritized.

Source: https://dailypost.ng/Removal-of-fuel-subsidy-saved-N5.4trn-for-Nigeria-Gov-Abiodun

(Quote) (Report) 3 Likes (Like) (Share)

Re: Removal Of Fuel Subsidy Saved ₦‎5.4 Trillion For Nigeria – Governor Abiodun

Comments

Post a Comment

Popular posts from this blog

ONDO HUMANITARIAN CORRIDOR: DONATE TODAY AND IMPACT LIVES POSITIVELY

Image
  Title: "The Ondo Humanitarian Corridor: Lighting the Path to Hope"   Imagine being the reason someone's life got improved.   Imagine being the reason youths could lead a better life.   Imagine being the ray of hope to the hopeless.   How would you feel knowing that you could save someone's life?   In a world often marked by challenges and uncertainties, a beacon of hope has emerged in the heart of Nigeria's Ondo State.   Inspired by Acts 20:35, the  Ondo Humanitarian Corridor was officially launched. It stands as a testament to the enduring power of compassion and community.   In the midst of recent economic downturns and hardships, Ondo State, like many places, has witnessed its share of struggles.   The Ondo Humanitarian Corridor recognizes these challenges and has stepped forward as a lifeline to the vulnerable.   When the lives of people are to be changed, God puts it in the heart of someone to take action.   This initiative is not just a program; it's a
Read more

FRIENDS WHAT CAN YOU SELL TO MAKE $100000 MONTHLY PLEASE LISTEN TO MY MENTOR

Image
 THIS MESSAGE  FROM THE WOMAN THAT PAYS MY SALARY---- EVA ALORDIAH This one has been highly requested by so many of you and I couldn't resist going back to the basics.   If I were starting over from scratch with  - no money - no product  - and a small audience, Here's exactly how I'd make $1000 in 30 days or less by selling my knowledge online.   (all you need is your brain and the internet)   WARNING.. What I'm about to share with you works if you work it.   This is the exact system I used to generate $4,863 in only 6 days. In this short article, I'll cover offer creation, social media sales strategy and a good mindset flip on pricing.    Let's jump in.   When I started selling my knowledge online, I just wanted to sell eBooks.   But If I was starting over from scratch today as a beginner, I'd not start with eBooks.   Why?   Look at this math - To make $1000 selling eBooks, you'd need 100 people x $10 = $1000   A smarter, faster way to the money would b
Read more

YES OWODAILY IS A GENIUNE MONEY MAKING PLATFORM FULL OF IMMENSE OPPORTUNITIES

Image
    https://owodaily.ng/offer_ByvYh     Yes, Owodaily is 99% real because I have been working and making some cool cash from this platform. You can make money from Owodaily working as a member, network marketer, and affiliate marketer. Watch the video below to see how a YouTube, Prosper Noah, is making Money (Almost 100K) using Owodaily.   As a social media manager, you can make money by reselling social media services in naira at a low price while you charge your clients at a high rate. Owodaily helps social media managers, business owners, and brands get their digital jobs done easily. All you have to do is sign up on Owodaily, pay the lifetime membership fee of N5000 and your account will be fully activated. Then you can deposit into your account and post a job while Owodaily users get the job done for you. You can also make money as a social media manager by selling the already made template designs on the Owodaily marketplace to your clients and charging them high
Read more