Imo State Governor Hope Uzodinma has stated that state governments are now receiving increased funding under President Bola Tinubu’s administration, attributing this development to the removal of the fuel subsidy.
During an inspection of projects marking the first anniversary of his second term in office on Monday, Uzodinma described the subsidy removal as a positive development for state governments.
“In reconciling the negative effects of the fuel subsidy removal and the benefits in terms of socio-infrastructure, social benefits, and then the ease of doing business occasioned by the provision of the enabling infrastructure, I think it is a blessing.
“It is a direct blessing; it is not a disguise to the sub-nationals because more monies are now coming to states, and state governments must do things to show citizens that they can do these things because they now get more monies as a result of the fuel subsidy removal by the Nigerian government,” he explained.
President Bola Tinubu announced the termination of the fuel subsidy regime on May 29, 2023, during his inauguration in Abuja. He declared that his administration would no longer allocate funds for fuel subsidies.
