The Senior Special Assistant to the President on Media and
Publicity, Tope Ajayi on Tuesday said there were no plans by the administration
of President Bola Tinubu to reintroduce fuel subsidy.
Ajayi made the assertion on X formerly known as Twitter at
6:08 pm WAT.
He said, “There is no plan to reintroduce any form of fuel
subsidy. There is no condition to support any increase in prices at this time.
President Tinubu is convinced based on information before him that we can
maintain current pricing without reversing the current deregulation policy by
swiftly cleaning up existing inefficiencies within the midstream and downstream
Petroleum sector.”
Ajayi’s comment followed news about a temporary
reintroduction of fuel subsidy following the increment in the landing cost of
fuel due to the free fall of the Naira in the parallel market.
Nigeria has continued to grapple with the soaring costs of
goods and services due to the removal of the subsidy on petrol and the
unification of the naira at both the I and E window and parallel markets by the
Central Bank of Nigeria.
On Monday, independent oil marketers hinted at a possible
increase in the cost of fuel owing to the increment in the landing cost of the
product.
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Mr media aide you better encourage him reintroduce subsidy because Nigerians are dying daily. People are hungry and angry
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