Reno Omokri Insists Fuel Subsidy Must Go Before Nigeria Collapses From Excess Debt

Hamilton Nwosa
Writer

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Reno Omokri, a former aide to ex-President, Goodluck Jonathan and a strong critic of President Asiwaju Bola Ahmed Tinubu has however thrown his weight behind the Federal Government, FG’s decision to remove fuel subsidy.

The former Presidential aide said he was aware that Tinubu joined others to scuttle Jonathan’s attempt to stop subsidy in the past but this is not the time for vengeance.

Omokri who said people should leave politics out of the discussion stressed that Nigerians must accept the new fuel price if they don’t want future generations to suffer trying to offset high foreign debts they inherited from subsidy payments.

According to him, most government borrowings were aimed at funding the oil subsidy and it is only reasonable to see that the subsidy regime has bloated our debt portfolio.

Omokri in a tweet on Wednesday, said it was naive to complaint about the nation’s rising debt but still insist that subsidy be allowed to remain. “When you complain that our foreign debt exploded under Buhari and you are now fuming that fuel price has gone up under Tinubu, you show you are immature and do not understand the causal relationship between action and consequences.

“You can’t have it both ways. Much of our borrowing was to fund fuel subsidy. If you don’t want an unsustainable debt that neither our children nor we can pay, you MUST accept the new fuel prices.

“Nigeria MUST remove partisan politics from fuel, electric power generation, and Ajaokuta Steel Company. Because without tackling those three things, we can never grow to meet our potential.

“I know that Buhari, Tinubu, Tunde Bakare, and co did it to us. But I am not on a revenge mission. I am on a rescue mission.

“If you don’t like it, go to Peter Obi’s Next Supermarket, buy a can of energy drink, and then use that energy to walk. Simple!”

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Unlocking Opportunities in the Gulf of Guinea during UNGA80
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