Connect with us

Business

Fuel subsidy is gone —Tinubu

Published

on

President Bola Tinubu has made a major policy pronouncement in his first day in office, declaring that fuel subsidy is gone.

Tinubu, who said this in his inaugural speech at the Eagles Square on Monday, said the budget that is left for him, does not have provision for subsidy.

He further stated that subsidy on fuel products, especially petrol, cannot be sustained or paid for, adding that the money used for subsidy will now be channeled to better uses for the benefit of Nigerians.

More to come…

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now