THE Presidency on Sunday admitted that it was a tough decision for President Muhammadu Buhari to remove subsidy on petrol but said it was in the overall interest of the country.
In a reaction to last week’s increase in the petrol and the hike in electricity tariff by Power Distribution Companies (DisCos), it called for “support and understanding of opposition parties, the Labour movement and civil society groups.”
Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, the Presidency said: “The All Progressives Congress, APC came to power in 2015 defeating an incumbent administration amidst very high expectations from President Muhammadu Buhari.
“Five years on, the administration has worked hard to meet many expectations, but still, there are certain tough decisions which had to be taken to put back the country on the path of sustainable development.
“To stop the mismanagement of taxpayer money, eliminate corruption associated with subsidies on petroleum products, power, fertilizer among others, the administration took the decision to implement long-delayed reforms, withdraw and allow the market to determine their prices.