Abuja - Embattled Petroleum Minister Emmanuel Kachikwu has gone on video to defend the removal of the fuel subsidy and subsequent increase in fuel price.
According to Naij, the rise in the price of fuel has sparked a political backlash of epic proportions, with many reacting with anger to the sudden change.
The Minister has, however, insisted that the shift was necessary while listing five key reasons for the decision.
His key points included:
1. A major shortage of Forex
2. More than half of oil barrels being sold abroad
3. Attacks by Niger Delta militants
4. President Buhari being opposed to privatization
5. Job creation
See Kachikwu explain the Federal Government's decision below.
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