Tinubu’s Fuel Subsidy Removal Saved Nigeria’s Economy From Collapse, Says Ex-Osun Lawmaker Oyintiloye

Chief Olatunbosun Oyintiloye, a prominent chieftain of the All Progressives Congress (APC) and former member of the Osun State House of Assembly, has robustly defended President Bola Tinubu's decision to terminate the decades-long fuel subsidy regime. Speaking to reporters in Osogbo, the former lawmaker characterized the policy shift not as an act of economic insensitivity, but as a courageous, inevitable surgical operation required to pull Nigeria back from the brink of fiscal bankruptcy. He argued that the previous system was structurally designed to benefit a small elite while depriving the broader populace of developmental equity.

Oyintiloye maintained that the subsidy scheme was an unsustainable drain on the nation's resources, which systematically enriched a select cartel of oil marketers at the expense of critical developmental infrastructure. According to his assessment, the multi-trillion naira funds previously swallowed by the subsidy are now being redirected towards impactful national projects, including the revitalization of the health sector, improvements in agricultural productivity, and the upgrading of transportation networks across the federation.

While acknowledging the severe inflationary pressures and escalating cost of living currently experienced by everyday citizens, the former lawmaker urged the public to view these hardships as transient labor pains preceding economic rebirth. He asserted that no meaningful national restructuring can occur without initial systemic friction, pleading for sustained patience and faith in the President's macroeconomic vision. He further called on state governors to match the federal government's reformative strides by judiciously utilizing their increased statutory allocations to cushion the economic realities of their citizens.