NDC accuses Tinubu of bringing back petrol subsidy through backdoor
The Nigeria Democratic Congress, NDC, has accused President Bola Tinubu’s administration of attempting to reintroduce petrol subsidy “through the backdoor” through the Federal Government’s 30-day discount on petrol sold at NNPC stations. The party made the allegation in a statement signed by its National Publicity Secretary, Osa Director, following the government’s announcement of the temporary…
Social Democratic Party presidential candidate Adewole Adebayo has criticized the Federal Government's announcement of a 30-day discount on fuel sold by the Nigerian National Petroleum Company Limited (NNPCL). Speaking on Channels Television’s Politics Today, Adebayo claimed the Tinubu administration is "confused."
The Federal Finance Minister, Taiwo Oyedele, announced the discount on Thursday, stating the government was offering it for the next 30 days. However, Adebayo expressed his belief that the government's actions have left it "confused and genuinely so."
Adebayo highlighted four problems created by the government's decision. First, he questioned who determines NNPC's cost, noting that if the cost is already higher than people's affordability, what happens if NNPC's cost rises to 2000 naira then? Second, if the government continues with such policies, fuel prices could reach N2000.
Third, if this situation persists until next year, fuel prices could reach N5000. Lastly, Adebayo warned that if President Tinubu is still referenced in relation to the government by this time next year, the administration's confusion would be evident.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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