President Tinubu Has Reintroduced Fuel Subsidy Without Telling Us – Agbakoba: Former Nigerian Bar Association (NBA) president Olisa Agbakoba (SAN) has criticised President Bola Tinubu. Without telling Nigerians, he said, Tinubu had restored gasoline subsidy. Enoughinfo.com
President Tinubu Has Reintroduced Fuel Subsidy Without Telling Us – Agbakoba
Agbakoba said that if subsidies were really eliminated, Nigerians couldn’t be buying fuel for as cheap as N600 to N700 due to market forces in an interview with Arise TV on Tuesday.
He said that Nigerian gasoline would currently cost between N1000 and N1,100 per litre. This is if global fuel prices were applied, as reported by the Guardian.
Every government in the world employs subsidies in one form or another, he went on. According to him, every government in the world “does subsidies.”
Without warning us, President Tinubu just raised fuel subsidy. If we apply global rates, it is evident that we should be paying N1000–N1100 for petrol, yet we only spend N600–N700. So let’s stop being such hypocrites, support homegrown industry, sell the four refineries, and extend a warm welcome to the regional owners of modular refineries.
On May 29, 2023, the day of his inauguration, remember that President Tinubu declared the end of Nigeria’s fuel subsidy programme. Elon Musk’s X Announces New Charges for Unverified Users in Two Countries
The declaration instantly raised petrol prices, which in turn raised the price of other items across the country.