Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the FG is aware of the painful impact on Nigerians, assuring that, given the various interventions rolled out in recent times, things should improve day by day.
He said: “These are painful reforms and Mr. President is a man of empathy who promised not to leave the vulnerable and poor behind.
“And as you know there is a set of interventions being rolled out which day by day should improve things.
“More food has been grown, fertilizers are being released, CNG transport is the order of the day, while the government pauses, conversion kits are on the way, there is take up of that initiative by the private sector.
“So day by day we are moving closer to affordable and even cleaner energy simply because the price of petroleum products has been put where it really stands rather than having cheap fuel which is below the market price and below it’s value. Now you are seeing the right value and that is making the move to cleaner and finer energy.
“I will also add, one of the benefits, when we talk about the benefits coming through some of the measures taken, the fact that there has been a 30 per cent reduction in smuggling of petroleum products across the border, I think is a major achievement of that all important step to remove fuel subsidy.”
