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2023: I’ll Remove Fuel Subsidy If Elected President – Tinubu

Rojon by Rojon
January 11, 2024
in Politics
Reading Time: 1 min read
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If elected, Bola Tinubu, the presidential candidate for the All Progressives Congress, or APC, has pledged to end the fuel subsidy.

Goldennewsng reports that On Friday, Tinubu made the revelation during a meeting with business leaders in Lagos State.

The spokesperson for the APC stated that, among other things, public infrastructure, health, and physical policies would receive funds from fuel subsidies.

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He stated, ” The PMS subsidy must be eliminated immediately. We will reinvest funds in affordable infrastructure, public infrastructure, and health care.

“Physical policy will be the main driver; we must gradually shift our budget away from oil revenue that is dominated by dollars.”

Some economic stakeholders have characterized Nigeria’s annual expenditure on fuel subsidies as fraudulent.

In a similar vein, Labour Party presidential candidate Peter Obi referred to Nigeria’s fuel subsidy program as organized crime.

If elected president next month, Obi pledged to eliminate the fuel subsidy.

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