Adams Oshiomhole, the former governor of Edo State, has stated that President Bola Tinubu possesses an immediate solution to mitigate the adverse effects resulting from the removal of subsidies.
Oshiomhole made these remarks during an interview on Channels Television’s Sunday Politics program. He expressed his belief that the challenges arising from the removal of fuel subsidies would be promptly resolved through constructive dialogue between the Federal Government and organized labor.
Oshiomhole expressed satisfaction with the productive nature of the meeting and mentioned that the government would carefully review all the demands presented by the TUC and provide a response on Tuesday.
Furthermore, he proposed that if Nigeria could save approximately N7 trillion by ending fuel subsidy, a portion of that amount could be allocated to the wage sector by the Federal Government. Oshiomhole explained that these savings would be deposited into the federation account, which would subsequently distribute the funds among the three tiers of government. With the additional resources, each tier of government would have more financial capacity to address the resulting increase in wages.