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Did Tinubu Remove Petrol Subsidy? Keyamo Clarifies

Festus Keyamo, the Chief Spokesman for the All Progressives Congress Presidential Campaign, has clarified that President Bola Tinubu had not removed fuel subsidy.

Keyamo said a section of the media is “mischievously twisting the narrative to read that Tinubu’s government has removed subsidy,” despite President Tinubu proclaiming that subsidy was gone while giving his inaugural speech on May 29.

The APC chieftain said that the administration of Tinubu only inherited a regime where there was no provision made for subsidy in the 2023 Appropriation Act starting June 2023 and the Petroleum Industry Act, which is now extant, has no provision for subsidy.

Reacting to the hike of fuel prices and queues which have resurfaced at petrol stations, Tinubu in a series of tweets said, “A section of the Press is mischievously twisting the narrative to read that Tinubu’s government has removed subsidy. That is not correct. Tinubu’s govt has merely inherited a regime where there was no provision for subsidy in the 2023 Appropriation Act as of June 2023 and the Petroleum Industry Act which is now extant has no provision for subsidy.

“President Tinubu merely acknowledged this state of affairs in his inaugural speech at the Eagle Square.

“So, any advocate of subsidy should convince the Nigerian people why President Tinubu should start on a note of illegality by promising to reintroduce something which the law has taken away. They should also convince the Nigerian people why President Tinubu should embark on a present illegality that gulped $10 billion of our scarce or unavailable resources in 2022 alone.”

See Also: NNPC Backs Petrol Subsidy Removal, Gives Reason

He added that those claiming to defend the rights or welfare of workers should convince the Nigerian people that the $10 billion injected into the economy annually will not jumpstart the economy enough to create massive jobs and even increase the same minimum wage they complain about.

“President Tinubu merely acknowledged this state of affairs in his inaugural speech at the Eagle Square.

“So, any advocate of subsidy should convince the Nigerian people why President Tinubu should start on a note of illegality by promising to reintroduce something which the law has taken away. They should also convince the Nigerian people why President Tinubu should embark on a present illegality that gulped $10 billion of our scarce or unavailable resources in 2022 alone.”

He added that those claiming to defend the rights or welfare of workers should convince the Nigerian people that the $10 billion injected into the economy annually will not jumpstart the economy enough to create massive jobs and even increase the same minimum wage they complain about.

Obiajulu Joel Nwolu

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