The removal of subsidy hindered the economy development allover the nation, as the president mentioned out on sunday during his appeal, on the listed plan said that the subsidy removal caused the nation capital flight and also added that this issue will be on consideration for better Nigeria.

Today in an interview with former president Obasanjo, he disclosed that the fuel subsidy is back again. Legit.ng reported that President Bola Ahmed Tinubu during his inaugural address on May 29, 2023, had declared that fuel subsidy “is gone.” This development has led to a hike in the pump price of petrol from about N200 to over N600 per litre. In an interview with the Financial Times, Obasanjo faulted the manner in which the subsidy was removed by the government, Daily Trust reported. According to the former president, the government should have implemented some measures before the subsidy removal. Obasanjo, however, explained that the subsidy has “come back” due to the inflation rate. as reported by legit.ng “There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” Obasanjo said. He also highlighted the need for investor confidence in Nigeria, stating, “You have to go from a transactional economy to a transformational economy.”

The demand which the nationwide seeking is ti bring back the fuel subsidy while the president said that, the removal of fuel subsidy increased the price from 200 naira to 600 naira at once which is the kick on of the hardship around the nation, with this hiked president said is painful but necessary.