Vice President Kashim Shettima has reiterated the government’s determination to address the long-standing issues of fuel subsidy and multiple exchange rates in Nigeria. In his first interview after resuming work at the Presidential Villa, he emphasized the urgency of tackling these challenges for the country’s improvement. This article provides insights into the Vice President’s stance on fuel subsidy, the need for reform, and the anticipated opposition from beneficiaries of the subsidy.
During the interview, Vice President Shettima highlighted the recent statements made by President Bola Tinubu regarding fuel subsidy. He emphasized the importance of either removing the subsidy or facing its detrimental effects on the Nigerian nation. Drawing attention to the staggering $10 billion spent in 2022 alone to subsidize the extravagant lifestyle of the upper class, he pointed out that minimal benefits were reaching the poorest 40% of Nigerians.
Shettima acknowledged that unveiling such a complex issue would inevitably encounter fierce opposition from those who have been benefiting from the subsidy scam. However, he expressed confidence in the President’s strong will and conviction to push through necessary reforms. He assured the public that the President has noble intentions for the nation, which will become evident in due time.
The Vice President pledged that the issue of fuel subsidy would be squarely addressed and urged for swift action to be taken. Additionally, he mentioned the government’s plan to consolidate the multiple exchange rates into a single unified rate. Shettima acknowledged that this was another significant challenge that needed to be tackled. He assured Nigerians that the government would soon unveil its agenda on both fronts, with the President taking the lead in articulating the government’s vision.
Emphasizing the importance of a united front, Vice President Shettima stressed that there can only be one captain steering the ship. He reiterated his loyalty to the President and expressed his unwavering commitment to working harmoniously with him for the greater good of the nation. Drawing upon their longstanding personal relationship spanning over a decade, he assured Nigerians of their collaborative efforts and effective teamwork.
Vice President Shettima’s remarks regarding fuel subsidy and multiple exchange rates shed light on the government’s commitment to addressing these longstanding issues in Nigeria. While acknowledging the anticipated opposition from beneficiaries of the subsidy, Shettima expressed confidence in the President’s determination to implement necessary reforms. As the government unveils its agenda and takes decisive action, the Vice President emphasized the importance of a united front and pledged his loyalty to the President. Together, they aim to work harmoniously to achieve the greater good for the nation.