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The Federal Government says the removal of the petrol subsidy has contributed to greater stability in Nigeria’s economy, despite the hardship experienced by households following the policy.
Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, made the assertion on Wednesday during an interview on Channels Television’s Politics Today.
Doro defended the economic reforms of President Bola Tinubu’s administration, arguing that their effects should be assessed within the broader effort to rebuild the Nigerian economy.
He said the government was working to reduce inflation and address the economic difficulties facing Nigerians through various interventions.
The minister also rejected claims that seven million Nigerians had fallen into poverty under the Tinubu administration.
Doro acknowledged the scale of Nigeria’s poverty challenge but argued that reducing poverty was a long-term process requiring sustained economic and social interventions.
“It took China 40 years to achieve the scale they achieved, Nigeria can scale up poverty reduction,” he said.
He said the government’s social protection initiatives were intended to complement its economic reforms by providing targeted support to vulnerable Nigerians while creating pathways towards economic independence.
