Jonathan Nwokpor
The President Bola Tinubu-led Federal Government is allegedly providing fuel subsidies for Nigerians, according to former Kaduna State governor Mallam Nasir El-Rufai.
El-Rufai responded to inquiries from journalists on Monday in Maiduguri, the capital of Borno State, by stating that the FG is currently providing a higher fuel subsidy than it did previously.
ZINTTIE recalls that during his inauguration on May 29, 2023, the president stated that the nation could no longer subsidize fuel for its citizens, claiming that the petrol subsidy has been eliminated.
Due to the development, the price of petrol and other goods and services skyrocketed, which set off the country’s current economic crisis, which has persisted since 2023.
The subsidy has returned, the former governor informed journalists on Monday.
He said that the FG returned the subsidy since “the impact has been seen and the packages of support that would reduce the impact have not been so effective in reducing the impact, so the federal government is back now subsidising petrol.”
He said many people don’t know that the fuel subsidy is back.
“If they want to know whether we are subsidising or not, they should compare the price of petrol and diesel because petrol should be more expensive than diesel but diesel is priced above a thousand naira while petrol is at N600 per litre.
“So, we are still subsidising Petrol because the government has realised that the way it implemented the fuel subsidy initially required some adjustments,” El-Rufai said.
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