NEWSSubsidy Removal Won’t Take Immediate Effect – President TinubuPublished 5 hours ago on May 30, 2023By admin
The Asiwaju Bola Ahmed Media Centre has explained the announcement of the removal of the fuel subsidy by President Bola Tinubu on Monday
he Centre, in a statement, urged the public to relax panic-buying that has ensued as a result of his speech.
The statement explained the development is neither a new development nor an action of his new administration.
NEWSSubsidy Removal Won’t Take Immediate Effect – President TinubuPublished 5 hours ago on May 30, 2023By admin
The Asiwaju Bola Ahmed Media Centre has explained the announcement of the removal of the fuel subsidy by President Bola Tinubu on Monday.
The Centre, in a statement, urged the public to relax panic-buying that has ensued as a result of his speech.
The statement explained the development is neither a new development nor an action of his new administration.
The Tweet reads: “The public is advised to note that President Bola Tinubu’s declaration that “subsidy is gone” is neither a new development nor an action of his new administration.
“He was merely communicating the status quo, considering that the previous administration’s budget for fuel subsidy was planned and approved to last for only the first half of the year.
The Asiwaju Bola Ahmed Media Centre has explained the announcement of the removal of the fuel subsidy by President Bola Tinubu on Monday.
The Centre, in a statement, urged the public to relax panic-buying that has ensued as a result of his speech.
The statement explained the development is neither a new development nor an action of his new administration.
The Tweet reads: “The public is advised to note that President Bola Tinubu’s declaration that “subsidy is gone” is neither a new development nor an action of his new administration.
“He was merely communicating the status quo, considering that the previous administration’s budget for fuel subsidy was planned and approved to last for only the first half of the year.
Furthermore, President Tinubu was clear about his plans to re-channel the funds previously devoted to the payment of subsidies into better investments that will cushion the effects of the removal on the general public, especially the poor of the poor. This includes but is not limited to investments in public infrastructure, education, healthcare and jobs that will materially improve the lives of millions of Nigerians and increase their earning potential.
