FG not mulling subsidy reintroduction – Presidency
The Senior Special Assistant to the President on Media and Publicity, Tope Ajayi on Tuesday said there were no plans by the administration of President Bola Tinubu to reintroduce fuel subsidy.
Ajayi made the assertion on X formerly known as Twitter at 6:08 pm WAT.
Soaring cost: MATH Jumuat mosque provides subsidized food items to Yola residents
He said, “There is no plan to reintroduce any form of fuel subsidy. There is no condition to support any increase in prices at this time. President Tinubu is convinced based on information before him that we can maintain current pricing without reversing the current deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.”
FG pays N36bn electricity subsidy in Q1 2023 – NERC
Ajayi’s comment followed news about a temporary reintroduction of fuel subsidy following the increment in the landing cost of fuel due to the free fall of the Naira in the parallel market.
You;ve dashed Nigerians expectations, APC chieftain, Salihu Lukman tells Tinubu
Nigeria has continued to grapple with the soaring costs of goods and services due to the removal of the subsidy on petrol and the unification of the naira at both the I and E window and parallel markets by the Central Bank of Nigeria.
On Monday, independent oil marketers hinted at a possible increase in the cost of fuel owing to the increment in the landing cost of the product.
(Punch)
__________________
We do hope that the information we were able to provide you are helpful. Checkout out other unique articles on our blog for more detailed information and do well to share with your friends and family. Follow us on our Twitter and Facebook to stay updated with premium information.
Please leave any comments or questions in the area given below.
DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
