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.