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 on May 29, 2023, during his presidential inauguration in Abuja, Tinubu declared an end to the fuel subsidy regime.
The subsidy removal led to an increase in the pump price of fuel across the country.
On Thursday, the Minister announced a 30-day fuel price discount at all Nigerian National Petroleum Company Limited filling stations across Nigeria.
But in its reaction to the announcement, the African Democratic Congress presidential candidate, Atiku Abubakar, accused the President Tinubu of copying his proposal for fuel subsidy removal.
Atiku insisted that Tinubu’s 30-day fuel discount was a desperate and temporary gesture that could not repair the damage caused by the crushing cost of fuel.
However, in an interview on Channels Television’s Politics Today, Oyedele insisted, “This government is not bringing back the subsidy of fuel products, we need to be clear.”
