By Abimbola Ogunnaike
Bayo Onanuga, a former spokesman to President Bola Tinubu, has disclosed that the Federal Government is broke as a result of the debts of N77 trillion and about N2.4 trillion to the NNPC Limited for past subsidies and this necessitated the removal of fuel subsidy by the new administration.
Onanuga, who made the remark via his verified tweeter account, explained that the subsidy on fuel is no longer sustainable, just as he also urged Nigerian workers to support Tinubu as he develops incentives to cushion the effect of fuel subsidy removal.
“Subsidy of fuel is no longer unsustainable as the FG is virtually broke. Apart from its N77 trillion debt, it also owes the NNPC Limited about N2.4 trillion for past subsidies.
“The Nigerian people and workers should support the government as it works out new wages and rolls out other interventions, as promised by President Tinubu, to mitigate the effects of new fuel price,” Onanuga wrote.
