A former Governor of Edo State, Senator Adams Oshiomhole, has restated that with the removal of subsidy on petrol, President Bola Tinubu ended overnight billionaires in the oil and gas sector.
Oshiomhole stated this at the weekend in Warri, during the inauguration of a filling station owned by Chief Ayin Emami, a chieftain of the All Progressives Congress, APC.
He noted that some youths with foresight were now taking advantage of the opportunities created with the elimination of the petrol subsidy to invest and genuinely help build the nation’s economy.
“Now with the withdrawal of subsidy, you either work, sell and prosper or you don’t work and perish. This is the level playing field President Tinubu has created by the policy”, he said.
Oshiomhole said the removal of subsidy would effectively put “an end to a system where having a connection in the oil and gas sector could instantly transform someone into a billionaire, solely through favour, connections, and occasionally political bias.”
