Federal Government Denies Return Of Fuel Subsidy

Federal Government Denies Return Of Fuel Subsidy

The Federal Government, represented by the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited (NNPC), has refuted claims suggesting the return of fuel subsidy. They have challenged those making such assertions to provide evidence to support their claims……READ ALSO Federal Government Takes Action To Address Rising Prices Of Foodstuff

The government emphasized that since President Bola Tinubu declared the end of the subsidy on petrol, there has been no reversal of this decision.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, reiterated that fuel subsidy is a sensitive issue, but affirmed that the government’s stance on the matter is clear.

When contacted by Punch, Lokpobiri’s media aide, Nneamaka Okafor, provided a video clip where the minister addressed the claims of former Kaduna governor and marketers. In the clip, Lokpobiri insisted that the subsidy on petrol has ceased, and urged those alleging its continuation to present evidence.

The minister emphasized, “I don’t want to delve into that issue. It is a very sensitive issue. It is better we get all the facts. As far as I’m concerned, the President removed the subsidy and it remains removed till today. Anybody who is saying that subsidy is being paid, it is left for the person to bring the facts and then we will talk about them.”

Regarding the current petrol pricing mechanism, Lokpobiri stated that while it may not be solely determined by market forces, the current price should be addressed as it stands. He acknowledged the government’s responsibility to alleviate burdens on Nigerians across various sectors.

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