Queues at Lagos, Abuja filling stations after Tinubu announces subsidy removal
A few hours after President Bola Tinubu declared that “fuel subsidies are gone,” petrol stations in Lagos and Abuja have begun experiencing long queues.
According to reports, filling stations in Lagos and Abuja were congested with vehicles hurrying to get the product because most stations were not selling it.
This comes shortly after President Bola Tinubu said that he would discontinue fuel subsidies.
Mr Tinubu claimed in his inauguration speech that subsidies benefited the wealthy at the expense of the poor.
“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. 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,” Mr Tinubu said.
Kelechkwu Ogwu, a finance expert who spoke with Peoples Gazette, criticised Mr Tinubu’s choice to openly announce plans to remove fuel subsidy immediately.
According to him, Mr Tinubu’s move would cause marketers to hoard the commodity, resulting in unneeded fuel scarcity.
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
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.”
Health
Anambra ready to take delivery of malaria vaccine: Commissioner
Health commissioner Afam Obidike disclosed this in Awka on Friday at a news conference to mark the 2024 World Malaria Day.
Lagos
Sanwo-Olu sacks 391 ‘redundant’ workers at Lagos Water Corporation
The Lagos Water Corporation has announced the sacking of 391 redundant employees as part of its ongoing restructuring efforts.
States
Calabar-Itu Road: Cross River set to pay N400 million compensation to property owners
Mr Ekpang said the government would spend about N400 million to pay the compensation.
Jos
NAFDAC seals unregistered bakeries, water factories, medicine stores in Plateau
The director encouraged the public to report violations, such as selling expired, damaged, or adulterated products, to the nearest NAFDAC office.
Agriculture
Mangroves best sequester of carbon to mitigate climate change
Mr Zabbey spoke with journalists on Friday in Abuja while showcasing HYPREP’s efforts to combat climate change in the country.
Health
NIMR, partner donate cervical cancer screening equipment to 10 hospitals
According to the World Health Organisation, in Nigeria, 23 to 28 women die daily of cervical cancer.