Tinubu Administration Clarifies Fuel Price Discount Policy
The presidency, under President Bola Tinubu, has denied allegations of reintroducing fuel subsidies in Nigeria. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, issued a statement on Thursday, refuting a news headline that claimed the government had reinstated fuel subsidies.
Instead, Onanuga clarified that the government announced a discount on petrol prices at Nigerian National Petroleum Company Limited (NNPCL) filling stations for the next 30 days, specifically prioritizing public transporters. He urged the public to seek clarity on the measures introduced by the Tinubu administration.
Finance Minister Taiwo Oyedele further explained during a press conference in Abuja that the discount is not a subsidy but a government arrangement to sell petrol at cost, with plans to negotiate and review the landing cost monthly.
Plus234Feed summary based on reporting from Naijanews. Read the original report below.
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