Vice President Kashim Shettima has reiterated the current administration’s resolve to remove fuel subsidy.
He said fuel subsidy will end Nigeria if it is not removed.
Shettima told reporters on his first day in office at the Presidential Villa Abuja the administration anticipated that there will be fierce opposition to its decision to remove fuel subsidy.
He said: “The President has already made pronouncements yesterday on the issue of the fuel subsidy. The truth of the matter is that it is either we get rid of the subsidy or the fuel subsidy gets rid of the Nigerian nation.
“In 2022, we spent $ 10 billion subsidizing the ostentatious lifestyle of the upper class of society because you and I benefit 90% from the oil subsidy. The poor 40% of Nigerians benefit very little and we know the consequences of unveiling a masquerade.
“We will get fierce opposition from those benefitting from the oil subsidy scam but where there is a will, there is a way. Be rest assured that our President is a man of strong will and conviction.
“In the fullness of time, you will appreciate his noble intentions for the nation. The issue of fuel subsidy will be frontally addressed. The earlier we do so, the better.’’