APM Accuses Tinubu of Covert Fuel Subsidy Payments

The Allied People’s Movement (APM) has accused President Bola Tinubu's government of covertly paying fuel subsidies despite official claims of their removal, following a recent reduction in petrol prices. APM National Secretary Ayodele Adebayo made these remarks while responding to questions from Vanguard.

He questioned how the government could assert that fuel subsidies had been eliminated while petrol prices had decreased. Adebayo challenged Finance Minister Taiwo Oyedele’s warning that reinstating fuel subsidies could lead to the naira reaching ₦4,000 against the dollar, arguing that the naira had previously exchanged at a stronger rate.

He accused the government of using this warning to justify its stance on fuel subsidies. Adebayo also criticized the government's economic policies for causing business closures and increasing pressure on ordinary Nigerians.

He stated that APM supports a fair pricing system for petroleum products to alleviate the financial burden on citizens.