Akume Affirms Nigeria's Commitment Against Fuel Subsidy
Senator George Akume, the Secretary to the Government of the Federation, declared that Nigeria will not revert to the petroleum subsidy regime that was eliminated in 2023 by President Bola Tinubu. Speaking at a lecture in Abuja to commemorate Nigeria's 66th Independence Anniversary, Akume outlined the government's commitment to economic reforms, including the removal of the petrol subsidy, unification of the foreign-exchange market, and tax reforms.
He cited World Bank data indicating Nigeria's real GDP growth of 4.2 percent in the first half of 2026, up from 3.9 percent the previous year. Akume highlighted the government's focus on utilizing Nigeria's natural gas resources, with over 120,000 vehicles converted to Compressed Natural Gas (CNG) and the establishment of more than 400 conversion centers and 90 fueling stations nationwide.
He also discussed improvements in electricity provision, transport infrastructure, and agriculture, emphasizing the administration's efforts to enhance connectivity and support economic growth.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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