Tinubu: Fuel Subsidy Removal Benefitting Ordinary Nigerians
.Promises to publish how subsidy savings are utilised .Optimistic nation’s four moribund refineries will be back on stream and make profit Deji Elumoye in Abuja President Bola Tinubu on Thursday
President Bola Tinubu announced the removal of fuel subsidies upon his inauguration as President on May 29, 2023. He assured that ordinary Nigerians are benefiting from the removal, citing regular salary payments for government workers, funding for major road projects and the restoration of four moribund refineries as some of the benefits.
Tinubu stated that the refineries will be back on stream, but only if they are commercially viable and generate value for the country. He appealed to NUPENG leadership to ensure that benefits from compressed natural gas (CNG) reach commuters. NUPENG President Comrade Akanni Oladiti emphasized the need to address the casualization of workers in the oil industry and requested the President to revive the Nigerian Pipelines and Storage Company (NPSC) depots as well as the four refineries.
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