APC Chieftain- President Tinubu is aware of the suffering of the people

November 19, 2023 Wale Ponnle

According to Olatunbosun Oyintiloye, a prominent member of the All Progressives Congress (APC) in Osun State, President Bola Tinubu’s decision to suspend the proposed increase in energy tariffs is evidence that he is considerate of the struggles faced by the general public.

Speaking to reporters on Sunday in Osogbo, Oyintiloye referred back to the revelation made by the Minister of Power, Adebayo Adelabu, on November 8 that President Tinubu had recently halted an increase in the price of electricity tariffs and demanded that a subsidy be paid on power consumed across the country.

The president’s choice to raise the price of energy demonstrates that he was always aware of the thoughts and desires of Nigerians.

According to the Nigerian Electricity Regulatory Commission’s (NERC) quarterly report, the federal government increased its power sector subsidy from N36 billion in the first quarter of 2023 to N135.2 billion in the second quarter.

The N135.2 billion recorded in the second quarter of 2023 was an increase of N99.21 billion, or 277%, over the N36 billion recorded in the preceding quarter, according to the NERC report.

It would not have been ideal to remove the electricity subsidy at this time when Nigerians are still dealing with the consequences of the elimination of the petrol subsidy.

However, the president is a man who is aware of the difficulties that people are currently facing, including galloping inflations and exchange rate fluctuations.

He added, “The president did not let the hike go through because he is working so hard to make Nigerians smile again.”
According to Oyintiloye, the NERC report revealed that the government continues to subsidize the cost of power for the general public.

He claimed that eliminating the electricity subsidy, which the government was still footing the bill for, would have put additional strain on the general populace.

“We should applaud the president for preventing the current electricity tariff increase from going through.

This clearly demonstrates the president’s good intentions towards Nigerians and the fact that all of his economic measures are sensible and in the best interests of the general public.

Author

Wale Ponnle

A passionate writer of everything politics in Nigeria with the goal and purpose of bringing authentic information and unbiased news to everyone everywhere.

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