‘Fuel subsidy is gone,’ President Tinubu says in inaugural speech
President Bola Tinubu in his inaugural speech as Nigeria’s 16th president, affirmed that the federal government will no longer pay subsidy on fuel.
“The fuel subsidy is gone,” Mr Tinubu categorically declared at the Eagle Square on Monday.
He said that the subsidy, an age-long controversial feature of Nigeria’s oil economics, was abolished by the outgone administration as the 2023 budget made no provision for it.
The president also said the continuous payment of subsidy was no longer justifiable and that his government will channel the funds into infrastructural development.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 4
Diphtheria: Gov. Mutfwang orders closure of Plateau schools from Monday
Mr Mutfwang appreciated the stakeholders for their understanding and cooperation.
Hot news Home top
Uba Sani unveils Dangote-manufactured Peugeot 5008, pledges government patronage
The governor commended Aliko Dangote for his patriotism by always investing in Nigeria.
Abuja
TCN announces nine-hour transformer oil leakage sealing at Katampe substation
The TCN stated that during the maintenance some circuits would be impacted.
States
Three suspects nabbed in Ondo over N23 million vehicle sale, UK student visa scams
The police said the suspects would arraigned upon conclusion of investigation.
Hot news Home top
Tinubu won’t be arrested but will be embarrassed if he attends UN meeting in New York, says Atiku’s hired lobby firm
The firm said, “An alleged heroin trafficker like President Tinubu has no business meeting with President Trump.”
States
Losses as fire guts 12 shops at Kwara market
The Chief Fire Officer, Alabi Muhammed, commended the firefighters for their prompt response.
