May 26, 2024

 President Tinubu ends petrol subsidy 

Oredola Adeola

President Bola Tinubu has promised to end fuel subsidy insisting that no budgetary allocation was made in the 2023 budget, as he also promised to redirect the funds on infrastructural projects, education and healthcare.

 

He made this known in his inaugural address on Monday in Abuja during the swearing ceremony.

 

President Tinubu emphasised that petrol subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

 

He said, “We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.

 

 

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