Figures cited by Punch show Ogun West senator Solomon Adeola says removing petrol subsidy is saving Nigeria over ₦10tn annually, arguing the funds can support economic predictability and infrastructure.
Adeola also defended tax-law implementation, insisting the versions being rolled out align what lawmakers passed and were not altered after signing.
The remarks reflect the government’s broader reform narrative—short-term pain for medium-term fiscal stability—though citizens continue to weigh claims against lived inflation pressures.
Echotitbits take: The savings claim will be tested by transparency: where exactly does the money go, and can Nigerians see it in services and inflation relief? Watch for audited baselines, monthly fiscal reporting, and how palliatives/infrastructure spending track against ‘savings’ narratives.
Source: The Punch — January 3, 2026 (https://punchng.com/subsidy-removal-saving-nigeria-over-n10tn-annually-adeola/)
The Punch January 3, 2026
Photo Credit: The Punch
