News - North Central - FCT Updated: May 31, 2023

Narrative Of President Tinubu Removing Fuel Subsidy Is Incorrect — Keyamo

By Sydney Elike
May 31, 2023

A Chieftain of the All Progressives Congress (APC), Festus Keyamo, has accused the press of promoting the "false narrative" of President Bola Tinubu removing the fuel subsidy.

Since the newly sworn-in president's announcement on Monday, Nigerians have been at the receiving end of the adverse effects, with fuel prices skyrocketing amid queues in different parts of the country.

Clarifying the federal government's stance on the issue via his Twitter account, Keyamo said that President Tinubu did not remove the fuel subsidy.

He stated that Tinubu has "merely inherited a regime where there was no provision for subsidy in the 2023 Appropriation Act".

According to Keyamo, the president only acknowledged that as from June 2023, there would be no provision for fuel subsidy.


"A section of the Press is mischievously twisting the narrative to read that TINUBU’s GOVERNMENT HAS REMOVED SUBSIDY. That is NOT CORRECT.

"TINUBU’s govt has merely inherited a regime where there was no provision for subsidy in the 2023 Appropriation Act as from June 2023 and the Petroleum Industry Act which is now extant has no provision for subsidy.

"President Tinubu merely acknowledged this state of affairs in his inaugural speech at the Eagle Square.

"So any advocate of subsidy should convince the Nigerian people why President Tinubu should start on a note of illegality by promising to reintroduce something which the law has taken away.

"They should also convince the Nigerian people why President Tinubu should embark on a present illegality that gulped $10 billion of our scarce or unavailable resources in 2022 alone.


"Those claiming to defend the right or welfare of workers should convince the Nigerian people that $10 billion injected into the economy yearly will not jumpstart the economy enough as to create massive jobs and even increase the same minimum wage they complain about.

"That is the conversation the Nigerian people are prepared to have now", the post reads.



Join our Telegram platform to get news update
Sydney Elike

I am a Graduate of Theatre Arts, Writer, Movie Buff, Filmmaker, Avid Reader, Video Game Enthusiast ...

More From this Author


oando plc Oil & Gas

Exxon, an American Corporation, originally founded Oando in 1956 as Esso Africa....

capital oil plc Oil & Gas

Capital Oil is a petroleum company founded in 2001.The company operates in the d...

conoil plc Oil & Gas

Mike Adenuga founded Conoil plc formerly called Consolidated Oil Nigeria Limited...


0 Comment(s)





See this post in...