President Tinubu Set To Bring Back Fuel Subsidy? Fresh Facts Emerges

President Tinubu Set To Bring Back Fuel Subsidy? Fresh Facts Emerge

Written By Oshiobugie Omo-Ikirodah

Rumors have been rife regarding the possibility of reintroducing the fuel subsidy under President Tinubu’s administration. However, recent comments by a presidential aide may have put these speculations to rest. CONTINUE READING

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Temitope Ajayi, the Senior Special Assistant to the President on Media and Publicity, took to Twitter on Tuesday to address the ongoing discussions. According to Ajayi, President Tinubu has no intentions of reversing his stand on the subsidy for Petroleum Motor Spirit (PMS).

Ajayi’s tweet read: “There is no plan to reintroduce any form of fuel subsidy. There is no condition to support any increase in prices at this time. President Tinubu is convinced based on information before him that we can maintain current pricing without reversing the current deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.”

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This statement offers clarity amidst the wave of speculations and debates surrounding the country’s fuel pricing policy. As Nigeria grapples with its economic challenges, the government’s position on subsidies and petroleum pricing will be critical for the nation’s economic trajectory and the well-being of its citizens.

Source: Bushradiogist