Home National ‘Fuel Subsidy removal is Buhari’s decision’ — President Tinubu

‘Fuel Subsidy removal is Buhari’s decision’ — President Tinubu

Tinubu - lagospost.ng
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President Bola Ahmed Tinubu has clarified that the decision to remove fuel subsidy was approved by former President Muhammadu Buhari before his exit from office on May 29, 2023.

Tinubu said the decision to remove subsidy is neither a new development nor an action of his new administration.

He added that he was merely communicating the status quo noting that the previous administration’s budget for fuel subsidy was planned and approved to last for only the first half of the year.

Speaking further, President Tinubu advised Nigerians to desist from panic-buying stating that it is needless and the policy will not take immediate effect.

He reiterated the plans of his administration to re-channel the funds previously devoted to the payment of subsidies to investments in public infrastructure, education, healthcare and jobs that will materially improve the lives of millions of Nigerians and increase their earning potential.

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