UZODINMA: STATES RECEIVING MORE FUNDS UNDER TINUBU, FUEL SUBSIDY REMOVAL IS A BLESSING. (PHOTO).
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Uzodinma: States Receiving More Funds Under Tinubu, Fuel Subsidy Removal is a Blessing
Governor Hope Uzodinma of Imo State has stated that state governments are now receiving more financial resources under President Bola Tinubu's administration.
He attributed this development to the removal of the fuel subsidy, which he described as a positive change for state governments.
During an inspection of various projects to mark the first year of his second term on Monday, Uzodinma emphasized that the fuel subsidy removal has been a blessing for states.
He explained, “When you weigh the negative effects of the fuel subsidy removal against the positive impacts—such as improvements in infrastructure, social benefits, and the enhanced business environment due to better infrastructure—it’s clear that it’s a blessing.
“This is not a hidden benefit for the sub-national governments; it’s a direct benefit, with more funds now available to states. State governments must now prove to their citizens that they can utilize these funds effectively in line with the positive changes brought about by the removal of the subsidy.”
President Tinubu officially ended the fuel subsidy regime on May 29, 2023, during his inauguration, announcing that his administration would no longer pay the subsidy on fuel.
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