The President of Dangote Group, Aliko Dangote, says it is the right time for the Nigerian government to get rid of petrol subsidy in the country.
Mr Dangote disclosed this while speaking in an interview with Bloomberg Television on Monday.
The business tycoon explained that the removal of subsidy will help to determine the actual petrol consumption in the country and could also help cut down government’s unnecessary expenditure.
“Subsidy is a very sensitive issue. Once you are subsidising something then people will bloat the price and then the government will end up paying what they are not supposed to be paying.
“I think it is the right time to get rid of subsidy because all countries have gotten rid of subsidy,” Mr Dangote said.
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