Ajiboye made the statement on Monday during an interview on Politics Today, a programme on Channels Television.
According to him, President Tinubu only announced the end of the subsidy because it was no longer possible for the government to continue paying it when he took office in May 2023.
He said there was no way the subsidy could have continued at the time Tinubu became president.
“Whether we like it or not, by May 2023 there was no possibility of continuing with the subsidy. Tinubu did not remove it; he only announced that it had ended. The system was no longer sustainable,” he said.
Ajiboye also said the current government is working to fix the country’s economic problems and has already recorded some improvements.
He claimed that unemployment has dropped from 33 percent to about 4 percent because other sectors of the economy are now absorbing more workers.
He added that the payment of workers’ salaries has been steady under the present administration.
“Civil servants’ salaries are being paid regularly, and state governments no longer borrow money just to pay salaries like they used to,” he said.
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