President Bola Tinubu Removes Fuel Subsidy? Fresh Fact Emerges

• A former minister of state for labour and employment, Festus Keyamo, has dismissed the media report that President Bola Tinubu removed the fuel subsidy
• Keyamo in a statement on Tuesday said that the new president did not remove the fuel subsidy and that the report is mischievous
• The senior advocate explained that the 2023 budget did not provide allocation for subsidy beyond June 2023 and that's what Tinubu reiterated

FCT, Abuja - Festus Keyamo, the immediate past minister of state for labour and employment, has described the media report that President Bola Tinubu removed the fuel subsidy as “mischievous.”

The senior advocate of Nigeria in a tweet on Tuesday, May 30, disclosed that the new president did not remove the fuel subsidy.

Bola Tinubu, while delivering his inaugural speech on Monday, May 29, said there is no allocation of funds to continue to pay for fuel subsidy in the 2023 budget.

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Why Tinubu was not the one that remove fuel subsidy

The new president also promised to ensure that the subsidy funds were spent on infrastructural development, education, and healthcare.

Keyamo in his tweet explained that Tinubu only inherited a budget that did not provide funds for subsidy in the 2023 Appropriation Act beyond June 2023 and the Petroleum Industry Act.

He then called on the promoters of the fuel subsidy to tell Nigerians why the new president should start his administration with a pledge to reinstate a regime that gulped $10 billion in an unavailable resource in just 2022.

Latest about Bola Tinubu, Festus Keyamo, Fuel Subsidy, Presidency

The former minister stressed that what Nigeria spends on fuel subsidy is enough to create mass jobs for the people of this country.

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His statement reads in part:

"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."

See the tweet here:

May 29: DSS sends strong warning to 'subversive elements', media, CSOs

Legit.ng earlier reported that the DSS has raised an alarm over a fresh plot by some subversive elements to truncate the inauguration of Bola Tinubu, the president-elect.

Peter Afunaya, the spokesperson of the secret police, said the agency was much aware of the plot and prepared ahead of them.

Afunaya, in a statement on Thursday, then urged Nigerians, CSOs, and media to adhere strictly to the security guidelines on the day of the inauguration in Abuja.

Source: Legit.ng