Former presidential candidate of the Social Democratic Party, Adewole Adebayo, has argued that President Bola Tinubu did not remove fuel subsidy as widely claimed, insisting that the administration merely increased the pump price of fuel.
Adebayo maintained that there was no actual subsidy in place before the announcement made by Tinubu during his inauguration at the Eagles Square in Abuja in 2023.
According to him, “First and foremost, there was no subsidy to remove; what he was doing basically was fuel price increase because he didn’t have the fuel in the first place.
“It was a minor error and it was early; the problem he is facing is his inability to operate the budget. He’s spending over a hundred trillion since he came and even his own ministers are saying that they can’t see the money.”
The former SDP flagbearer further criticised the President’s economic management, claiming the administration has struggled with effective budget implementation since assuming office.
Adebayo also accused Tinubu of relying on the wrong circle of advisers and political allies.
“Tinubu is an old man, a successful politician who found his way in a big house where he can spend a lot of money. He has a lot of unthinking people around him, looking for crumbs to get.
“To get rid of Tinubu is half of the problem, the other half is to find the political class and a few of them that are capable of forming a government because what you are going to have is Tinubu go, Tinubu come,” he added.
