The Presidency, on Wednesday, said Nigeria will have to pay a price to continue subsidising Premium Motor Spirit, popularly called petrol, adding that the country may have to continue borrowing to fund its fiscal overhead.
This position was made known by Femi Adesina, the Special Adviser on Media and Publicity to President Muhammadu Buhari during an interview on Channels Television.
“Head or tail, Nigeria will have to pay a price,” he said. “It’s either we pay the price for the removal in consonance and in conjunction with the understanding of the people, but if that will not come, the other cost is that borrowings may continue, and things may be difficult fiscally with both the states and the Federal Government.