November 15, 2024
FG Now Paying More For Fuel Subsidy, Says El-Rufai
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FG Now Paying More For Fuel Subsidy, Says El-Rufai

Former governor of Kaduna State, Malam Nasir El-Rufai, says fuel subsidy is back, but many Nigerians do not know this.

Fielding questions from newsmen in Maiduguri in Borno State on Monday, he said the Federal Government is now paying more than before.

The former governor said with petrol averaging N600 per liter, and diesel selling for more than N1,000 per liter, Nigerians should know that petrol is being subsidised.

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He also said the government has realised that the way it implemented the fuel subsidy initially required some adjustments.

He observed that the packages of support that would reduce the impact of fuel subsidy were not effective, hence reversal of the policy.

In his inaugural speech, President Bola Tinubu had announced the discontinuation of fuel subsidy, saying there was no longer any budgetary provision for it at that time.

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