JUST IN: No more fuel subsidy — Tinubu
He told those present that the budget he saw on the ground had no provision for fuel subsidies, hence none would be sought.
Asiwaju Bola Ahmed Tinubu, the newly inaugurated president of Nigeria, has stated that there will be no more petroleum subsidies.
Asiwaju Tinubu stated this on Monday in his inaugural address following his inauguration at Abuja's Eagle Square.
He informed the audience that the budget he encountered on the ground did not include provisions for fuel subsidies, so none would be pursued.
He stated that the savings from the removal of petroleum subsidies would be applied to other pressing issues.
Among the areas he mentioned were education, agriculture, and the provision of vital infrastructure.
More information will soon be available on this news website.