NANS urges youths to oppose return of fuel subsidy
The National Association of Nigerian Students has called on Nigerians, especially the youth, to reject proposals for reinstating the fuel subsidy. Babatunde Akinteye, the NANS President, emphasized the need for transparency in managing savings from subsidy removal. He argued that the subsidy system was financially unsustainable and did not benefit the majority. The association highlighted the importance of using saved funds for national development instead of reviving a failed policy.
What we know
- Babatunde Akinteye stated that Nigeria's previous fuel subsidy regime was unsustainable and led to persistent fuel scarcity.
- He urged Nigerians to demand accountability in the use of funds saved from subsidy removal, rather than supporting a return to subsidies.
- The NANS president cited intervention programmes like the Nigerian Education Loan Fund as positive outcomes of subsidy removal.
- The All Progressives Congress criticized proposals by Atiku Abubakar to restore the subsidy, warning of negative impacts on wages, education, and infrastructure.
- Both past and present administrations have maintained that the fuel subsidy is not viable for the country.
