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Bola Tinubu Speaks on Subsidy Removal

News

April 3, 2023

The All Progressives Congress Presidential Campaign Council has said the
incoming administration of Asiwaju Bola Tinubu will decide when the fuel subsidy will
be removed.
Chief Spokesperson for the All Progressives Congress PCC, Festus Keyamo, on
Sunday, noted this, despite the current administration stating that the subsidy policy
would end by June when the budget for the initiative would lapse.
The Nigerian National Petroleum Company Limited recently said the country was
spending over N400bn monthly on petroleum subsidy which it claims remains
unsustainable.
The Petroleum and Natural Gas Senior Staff Association of Nigeria PENGASSAN had
last week also implored the government to ensure the speedy rehabilitation of
Nigeria’s refineries, to ease the hardship that could arise from the fuel subsidy halt
But the Nigeria Labour Congress has vowed to resist the subsidy removal plan,
unless steps towards repair and revitalisation of government refineries across the
country are taken and allow modular refineries.