End Fuel Subsidy Now, Save Nigeria's Economy - Dangote Tells FG

 

The founder of Dangote Petroleum Refinery, Aliko Dangote, has said it’s time for the federal government to end the fuel subsidy regime

Aliko Dangote, Africa's richest man and a prominent Nigerian businessman, has urged the Nigerian government to end fuel subsidies in order to save the country's economy. Dangote's recommendation is based on the belief that removing fuel subsidies would help to reduce government spending and free up resources for other critical sectors such as healthcare, education, and infrastructure development. The issue of fuel subsidies has been a contentious one in Nigeria, with many experts arguing that the subsidies are unsustainable and contribute to corruption and inefficiency in the economy. Dangote's call for the removal of fuel subsidies reflects a growing consensus among economists and policymakers that such subsidies are not in the best interest of the country's long-term economic development.