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FUEL SUBSIDY IS BACK- EL- RUFAI DECLARES

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April 15, 2024
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FUEL SUBSIDY IS BACK- EL- RUFAI DECLARES
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Former governor of Kaduna State, Mallam Nasir El-Rufai, said that President Bola Tinubu is paying fuel subsidy more than previous governments.

The former Governor claimed that the president is currently subsidising fuel for Nigerians.
El- Rufai disclosed this in Maiduguri, the Borno State capital, on Monday, while fielding questions from journalists, said subsidy is back.

According to him, the FG returned the subsidy because “the impact has been seen and the packages of support that would reduce the impact have not been so effective in reducing the impact, so the federal government is back now subsidising petrol.”

He said many people don’t know that the fuel subsidy is back.

“If they want to know whether we are subsidising or not, they should compare the price of petrol and diesel because petrol should be more expensive than diesel but diesel is priced above a thousand naira while petrol is at N600 per litre.

“So, we are still subsidising Petrol because the government has realised that the way it implemented the fuel subsidy initially required some adjustments,” El-Rufai said.

Recall that the president announced immediately he was sworn-in that subsidy had been removed. The effects had skyrocketed prices of commodities and services with the negative impacts on Nigeria Economy.

 

Cre- Daily post

 

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