Subsidy: FG says reducing petrol consumption, vehicles on roads achievement by Tinubu

The minister of state for environment, Kunle Salako, says the decision by President Bola Tinubu to remove fuel subsidy has reduced Nigeria’s consumption rate by about 33 per cent.
Mr Salako said on the sidelines of the 78th session of the UN General Assembly in New York that the action has reduced the emission generated by petrol.
“The singular action has reduced Nigeria’s consumption of petrol by 33 per cent, reduced the level of emission generated by Nigerians,” the minister explained. “The courageous decision to remove subsidy from petroleum is furthering climate action by Nigeria.”
Mr Salako added, “I had highlighted this development in some of the meetings I attended or represented the President and at the meeting of Committee of African Heads of State and Government on Climate Change and at the meeting of Commonwealth Ministers of Environment and Climate.”
Nigeria participated in the meeting where Mr Salako represented the president “to pass a resolution to adopt the Nairobi Declaration for final vetting” by the meeting of AU.
“The first meeting of Commonwealth Ministers of Environment and Climate in which the Ministers decided to approach the 28th Conference of Parties in Dubai come late November to early December with common front of pushing for better financing for climate action,” the minister explained further.
Mr Salako stated, “I represented Nigeria at the meeting, and I established that President Bola Ahmed Tinubu, by taking the courageous decision to remove subsidy from petroleum, is furthering climate action by Nigeria. It has also focused the attention of Nigeria at corporate and individual levels to renewable energy.”
He revealed that Nigeria would urge other countries to increase their efforts on this issue.
“This is our vision for the future, and we invite everyone to act and envision solutions that will preserve nature for future générations,” he said.
The minister said Nigeria was doing its best to promote transformative actions commensurate with the biodiversity crisis scale, “exerting these efforts within our own country in addition to supporting countries in our sub-region to increase their capacity in this regard.”
(NAN)
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.”

States
Court dismisses Ned Nwoko’s suit challenging Okowa’s candidacy for Delta North senatorial district
The Federal High Court, Abuja, rejected Mr Nwoko’s suit seeking to void Mr Okowa’s emergence as the APC candidate for the Delta North senatorial district.

Heading 1
Reps begin review of state police bill
“The House and the Senate are working in tandem with each other to make sure that the significant amendments are achieved,” he said.

Economy
Nigeria’s $40 billion net foreign reserves validate Tinubu’s economic reforms: TSF
“The increase from about $3 billion to more than $40 billion within three years, therefore, represents a substantial strengthening of Nigeria’s financial buffers,” the group said.

Heading 4
Andy Burnham takes over as UK’s prime minister, vows to end homelessness
“On my first day as Prime Minister, I’m announcing this government’s commitment to finally end long-term rough sleeping across the UK at the earliest opportunity,” he said.

Hot news Home top
Who’s NBA president-elect Oyinkansola Badejo-Okusanya?
Ms Badejo-Okusanya emerged as the 33rd president-elect of the NBA after polling 12,317 votes in the election.

NationWide
FG, UNESCO partner on mobile learning for teachers
“The initiative leverages mobile technology to overcome barriers such as time constraints, geographical limitations and inadequate infrastructure,” the ministry said.





