Subsidy: Oil cabal fought back, Tinubu didn’t budge – Shettima

Subsidy: Oil cabal fought back, Tinubu didn’t budge – Shettima

Nigeria’s Vice President, Kashim Shettima, has commended President Bola Tinubu’s bold policy decisions, stating they serve the nation’s best interests. Shettima highlighted the administration’s economic revitalization efforts, citing:

Key Policy Initiatives
1. *Fuel Subsidy Removal*: Eliminating a long-standing burden on the nation.
2. *Exchange Rate Realignment*: Streamlining the multiple exchange rate system.
3. *Tax Reforms*: Ongoing efforts to improve the tax framework.

Shettima praised President Tinubu’s courage in removing fuel subsidies, despite resistance from the oil cabal. He emphasized the importance of government-private sector collaboration, proposing regular engagement and bi-annual consultative sessions.

These remarks were made during a meeting with NACCIMA executives at the Presidential Villa in Abuja.