Seyi Law praises Tinubu over removal of fuel subsidy

By Taiwo Okanlawon

Nigerian actor and comedian Oluwaseyitan Aletile, popularly known as Seyi Law, has praised President Bola Tinubu for removing the fuel subsidy.

Although the removal has caused hardship for many, Seyi Law insisted that it is ultimately beneficial for Nigerians.

The Senior Special Assistant, SSA on Entertainment & Tourism to governor, Lucky Aiyedatiwa, emphasized that the fuel subsidy should have been eliminated much earlier.

He noted that if it had been removed in 2012, during the presidency of Goodluck Jonathan—when the former opposition party, led by Tinubu, protested against it—Nigerians would have already been free from that burden.

“Fuel subsidy should have been long gone. If it had gone in 2012 we would have gone through the pain process and by now we would have been healing,” he said.

“In 2012, I was the only celebrity that went on stage to kick against the anti-fuel subsidy movement. Ngozi Okonjo-Iweala came out to say that the nation could not afford to pay salaries. “We were borrowing to pay salaries.”

This is coming after federal government announced it officially announced the termination of fuel and foreign exchange subsidies, marking the end of a long-debated policy.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this declaration during the presentation of the Nigeria Development Update by the World Bank in Abuja on Thursday, October 17.

Edun revealed that these subsidies had drained the country’s economy, costing over N10 trillion, which amounts to five percent of Nigeria’s Gross Domestic Product (GDP).