Why Saying Tinubu Removed Fuel Subsidy Is Mischievous – Keyamo

Why Saying Tinubu Removed Fuel Subsidy Is Mischievous – Keyamo

Former Minister of State for Labour and  Employment Festus Keyamo has described the segment of media reports that claimed President Bola Tinubu ended fuel subsidy as “mischievous.”

In a Tweet, he maintained that Tinubu did not remove fuel subsidy.

The President, during his inaugural address, said there was no budgetary allocation for fuel subsidy in the 2023 budget.

Tinubu also promised to focus subsidy funds on infrastructural projects, education, and healthcare.

Keyamo explained that the President 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.

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He encouraged supporters of subsidy to convince Nigerians why President Tinubu should begin on an illegal note by pledging to reinstate fuel subsidy that gulped $10 billion in unavailable resources in 2022 alone.He added that money injected into fuel subsidy is enough to create mass employment and increase the minimum wage Nigerians complain about.

He tweeted: “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 from 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.

“Those claiming to defend the right or welfare of workers should convince the Nigerian people that $10 billion injected into the economy yearly will not jumpstart the economy enough as to create massive jobs and even increase the same minimum wage they complain about.

“That is the conversation the Nigerian people are prepared to have now.”

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