Fuel Subsidy Has Been Re-introduced Again- Olusegun Obasanjo.

Fuel Subsidy which was uncovered to have been eliminated by the federal Government in 2023 has been once again introduced because of inflation ex presidentOlusegunObasanjohas revealed.

Obasanjo referenced this during a new meeting,  blamed how the fuel appropriation was taken out by the public authority.

As per him, the public authority ought to have executed a few estimates before the subsidy evacuation. He, in any case, made sense of that the appropriation has “return” because of the expansion rate.

“There’s a ton of work that should be finished. Not simply get up one morning and say you eliminated the subsidy. As a result of expansion, the subsidy that we have eliminated isn’t gone. It has returned,” Obasanjo said

President Bola Tinubu during his debut address on May 29, 2023, had pronounced that fuel appropriation “is no more”. The advancement has prompted the increment of petroleum cost from about N200 to over N600 per liter.