Presidency denies reintroducing fuel subsidy

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The Presidency has vehemently debunked rumours speculating that it plans to reinstate fuel subsidies.
Following a strongly-worded statement released on Thursday by the special adviser on information and strategy to the president, Bayo Onanuga, the presidency reiterated its commitment to the removal of the long-standing petrol subsidy regime, thereby dismissing the viral documents as “unofficial” and mere “policy proposals” which were still subject to review at the highest levels.
This came after the leaked draft policy documents sparked widespread discussions and reports suggesting the government could reintroduce fuel subsidies amounting to N5.4 trillion in 2024.
Urging the public and media to disregard the information, Onanuga equally warned the media against amplifying unverified documents to avoid misinforming the public on key economic policies and programs.

Written by: bossgmsi

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