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FG pays more now on fuel subsidy than before- El-rufai claims

by Present Nigeria
April 15, 2024
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NBA Conference: El-Rufai Reacts To Withdrawal Of Invitation
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The former governor of Kaduna State, Mallam Nasir El-Rufai, has claimed that the Federal Government is currently subsidising fuel for Nigerians.

Fielding questions from journalists in Maiduguri, the Borno State capital, on Monday, El-Rufai said the FG is now paying fuel subsidy more than before.

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Recall that the president during his inauguration on May 29, 2023 announced the removal of fuel subsidy saying the country can no longer afford it.

But the former governor told journalists on Monday that the subsidy is back.

According to him, the FG returned the subsidy because “the impact has been seen and the packages of support that would reduce the impact have not been so effective in reducing the impact, so the federal government is back now subsidising petrol.”

He said many people don’t know that the fuel subsidy is back.

“If they want to know whether we are subsidising or not, they should compare the price of petrol and diesel because petrol should be more expensive than diesel but diesel is priced above a thousand naira while petrol is at N600 per litre.

“So, we are still subsidising Petrol because the government has realised that the way it implemented the fuel subsidy initially required some adjustments,” El-Rufai said.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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