The support by Peoples Democratic Party (PDP) governors for the removal of fuel subsidy by President Bola Tinubu weakened following the biting hardship in the country.
The opposition party governors under the aegis of the PDP Governors’ Forum stated this when they met on Monday in Abuja to review the nation’s state and the hardship faced by Nigerians due to the economic and security challenges.
The governors, who admitted that they supported the removal of the fuel subsidy, lamented that they had believed there were safeguards embedded in the process.
They. however, noted that the naira has been on a free fall, adding that the rising cost of living has put Nigeria almost on the road to Venezuela.
Venezuela, a South American oil-producing nation like Nigeria, has in recent years suffered immense economic woes, including triple-digit inflation and a significant emigration of millions seeking better opportunities. Its inflation rate eased to just under 190 percent last year from the previous year’s 234 percent.
The PDP governors also restated their demand for state police just as they decried the fall of the Naira.