Fuel price discount: Tinubu govt not bringing back subsidy – Finance Minister, Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Friday clarified that President Bola Tinubu’s administration is not restoring the subsidy on petroleum products. Recall that Tinubu declared an end to the fuel subsidy regime during his presidential inauguration in Abuja in 2023. The removal led to an increase in the […] Fuel price discount: Tinubu govt not…
Finance Minister Taiwo Oyedele has stated that President Bola Tinubu's administration will not reintroduce the fuel subsidy, which was eliminated during the inauguration ceremony in 2023. This decision resulted in a surge in the price of fuel at service stations nationwide. On Thursday, Oyedele introduced a temporary 30-day reduction in fuel prices at all NNPC filling stations across the country.
In response to this move, Atiku Abubakar, the ADC presidential candidate, criticized Tinubu for merely replicating his own policy on fuel subsidy removal. Oyedele, however, made it clear in a recent interview on Channels Television's Politics Today that the current administration is not planning to reinstate the fuel subsidy.
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