Fuel subsidy is gone, says Tinubu

PRESIDENT Bola Tinubu has announced his administration’s immediate desire to remove fuel subsidy.




    The President declared that ‘fuel subsidy is gone’ his inaugural speech at the Eagle Square, in Abuja, on Monday, May 29.

    He said that the country could no longer sustain the subsidy regime due to drying resources.

    “Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions,” he said.

    He said he would also review complaints on multiple taxations to boost the economy and attract investors.

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    1 COMMENT

    1. I knew the new President Administration would create a Fuel Subsidy Banned Commitee’ that re Investigate about the Matter, hope so that commitee support the President to remove Subsidy, Mr President that Fuel subsidy its not Important for we Nigerians and not reach us’ now we have Refirnery in Nigeria let us see how the fuel will be scarcity and cost, and about Insecurity i’m advise you to care about it seriousely’ ISWAP-BOKO-HARAM in Northeast still now they attacking IDPs and Village and in the Northwest Armed Bandirty Kidnappers attacks and killed innocent peoples, hope so you will very care about that, then if you selected good NSA you will archeive your goals’ Economy Crisis’ this is a large chelleges that we re faced’ our currency it not get value, no Price control. We can Growth our Economy when we care about these’ then Corruption’ Omar Security Expert and journalist'”

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