The ruling All Progressives Congress APC has dismissed
concerns that the President Bola Tinubu administration may have reintroduced
fuel subsidy through the back door, saying the government only intervened to
ensure some measure of price stability and predictability.
There had been reports that the Administration spent N169.4 in
August to keep the fuel pump price at N620.
While the opposition latched onto the discovery to castigate
the Tinubu administration, the APC on Monday night said such humongous payments
do not amount to a reintroduction of subsidy.
The ruling party equally chastized Phrank Shaibu, Media Aide
to the Presidential Candidate of the Peoples Democratic Party PDP, Alhaji Atiku
Abubakar for purveying “fake news” and engaging in “other inanities” just to
discredit President Bola Tinubu’s administration.
“Shaibu’s claim that fuel subsidy is back is not correct.
Government’s intervention to ensure some measure of price stability and
predictability does not amount to return of the ruinous fuel subsidy of recent
past”, APC stated.
APC spokesman, Felix Morka in a statement on Monday night
said Shaibu “in an unfledged statement…outed himself in his warped and
misleading suggestion that the APC-led Administration was hoodwinking Nigerians
by propaganda”.
Morka said on Shaibu’s “pathological and cynical flippancy”,
he delved into matters he clearly does not understand or lacks the constitutive
capacity to understand as a result of post-electoral traumatic stress disorder
(PeTSD) arising from his boss’ serial electoral failure.
“Unsurprisingly, Shaibu’s only ‘evidence’ for such an arrant
conclusion is that President Bola Ahmed Tinubu has appointed more media aides
than economic and security advisers, conveniently glossing over the fact that
Mr. President was swift in rejigging the security architecture and
repositioning the Armed Forces for optimal performance in defence of lives and
property.
“Certainly, he does not understand the issues and the
interplay of statecraft and economic management initiatives by President Tinubu
to remove age-old distortions and contradictions, accelerate and solidify all
round recovery and prosperity for our country.
“That Shaibu
described as ‘lies’, the administration’s courageous decisions to remove fuel
subsidy, harmonize the foreign exchange regimes and sign into law the Students’
Loan Act, only buttresses his poor understanding of economic development and
governance. That the fine details of these visionary and people-centred
policies are still being worked out and have yet to run their due course cannot
and do not negate their valid objectives and potential transformative impact.
The President has dutifully appointed experienced and highly skilled
professionals to key institutions of the economy, including the Ministry of
Finance, Central Bank of Nigeria CBN, and Federal Inland Revenue Service FIRS
and created the Ministry of Marine and Blue Economy in a patriotic zeal to
reposition and grow the economy.
“Lifting the Visa ban on Nigerians by the United Arab
Emirates UAE authorities should ordinarily make any well-meaning Nigerian
happy. Diplomatic rapprochement between Nigeria and UAE authorities is ongoing
and details of outcomes will soon be made public.
“The matter of the proposed meeting with United States of
America President Joe Biden does not even require elaboration. Having met with
President Tinubu on the sidelines of the G-20 Nations summit in India, another
meeting with President Biden during the United Nation’s General Assembly UNGA
had become unnecessary and was not even on President Tinubu’s schedule,
contrary to preliminary indications on the matter”, said the APC spokesman.
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