According to a report by Daily Post on Saturday, May 30, 2026, chairman of the Nigeria Governors Forum (NGF), AbdulRahman AbdulRazaq, has stated that states across the country have recorded significant benefits following the removal of fuel subsidy by President Bola Tinubu on May 29, 2023.
According to him, the policy has improved the financial position of many state governments and created opportunities for them to address long-standing fiscal challenges.
AbdulRazaq, who also serves as the Governor of Kwara State, made the remarks on Friday in Lagos during a Sallah homage paid to President Tinubu at his Lagos residence.
The visit was led by Vice President Kashim Shettima and attended by members of the Nigeria Governors Forum as part of the Eid celebrations.
During the gathering, the NGF chairman reflected on some of the major policy decisions taken by the Tinubu administration since it assumed office.
He highlighted the removal of fuel subsidy as one of the most significant economic reforms introduced by the federal government and noted that its effects were becoming increasingly visible across the states.
He explained that while the decision generated widespread discussions when it was announced, state governments have since experienced financial gains resulting from the policy.
According to him, the additional resources available to states have helped them improve their fiscal outlook and address obligations that had previously placed pressure on their finances.
AbdulRazaq noted that the benefits of the subsidy removal were not limited to a few states but were being felt across various parts of the federation.
He indicated that several state governments had used the opportunity created by the policy to strengthen their financial standing and reduce liabilities that had accumulated over time.
Speaking further, he cited Kwara State as an example of the impact of the reform.
He said the state had made notable progress in reducing its debt burden since the implementation of the policy.
He also pointed out that some other states had taken similar steps by settling outstanding debts and improving their overall financial management.
He said, “Today, we benefit from that policy. In my own state, we have reduced our debt by 40%. Some states have also cleared their debts…..See More
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