CPPE Fuel Subsidy Removal Position

The Centre for the Promotion of Private Enterprise stated that the Nigerian government's temporary fuel price relief through the Nigerian National Petroleum Company Limited does not signify a return to petrol subsidies, but rather a response to rising energy costs.

The Centre for the Promotion of Private Enterprise stated that the Federal Government's fuel price relief initiative should not be seen as a return to subsidy. Dr. Muda Yusuf emphasized it is a temporary measure due to global energy shocks.

The Centre for the Promotion of Private Enterprise supports the Federal Government's temporary fuel price relief initiative while opposing a return to petrol subsidies. They attribute rising fuel prices to global market factors rather than subsidy removal.