A former Governor of Eketi State, Dr Kayode Fayemi, has described as “’a little bit precipitous”, the announcement by President Bola Tinubu, which removed subsidy on petrol.
Speaking during an interview on Channels Television on Friday, Fayemi said the announcement did not give enough room for the Federal government to prepare for the effects of the policy.
Fayemi, however, said the Tinubu administration inherited a “challenging” economic situation and that the policies initiated were appropriate.
“We are not unaware of where we have come from because it is the same party that transitioned into the current government.
“I think there were some missteps, not policy changes that were wrong.
“I actually think the policy changes were appropriate but the announcement at the inauguration day was a little bit precipitous and did not allow for enough room to prepare the ameliorating circumstances that would address the challenges that were bound to come in terms of inflation.”
The former minister said the federal government has recognised the challenges and is working towards improving the situation.
He added that the ruling All Progressives Congress (APC) cannot absolve itself from the “deleterious” economic situation Nigerians are grappling with.
“The Nigerian people, in a democracy, have the last word. If they are not happy with our political party, they have to take the decision on that front,” he said.
“I believe things will improve. If things don’t improve, Nigerians deserve what they want to do with us.”
