Tinubu to set subsidy removal date following inauguration, says Keyamo

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Festus Keyamo, the spokesperson of the All Progressives Congress (APC) presidential campaign council, has said that the date for the removal of fuel subsidy would be decided by the incoming administration of Asiwaju Bola Tinubu.

This is despite the regime of President Muhammadu Buhari saying that the subsidy policy would end by June, when the budget for the initiative would lapse.

Marketers and other petroleum stakeholders have projected that the subsidy’s removal may push fuel prices to N750 per litre, and the Nigeria Labour Congress has vowed to resist the plan, insisting that the refineries must be functional before the subsidy can be tampered with.

However, the Petroleum and Natural Gas Senior Staff Association of Nigeria has called for subsidy removal, imploring the government to ensure the speedy rehabilitation of Nigeria’s refineries.

The PCC spokesman, gave assurances that Tinubu would look into corresponding palliative measures to cushion the impact of the subsidy’s removal.

Keyamo added that June 2023 was chosen by the FG to officially strike out fuel subsidies because the budget did not capture it beyond that date.

“It is one of the policies by which we campaigned. I cannot sit here and tell you when exactly it will be done,” he said.

“But the removal of subsidies is something that the president-elect pledged to do. Not only him. Virtually all the leading presidential candidates took the same position.

“Why the FG targeted June (to end subsidy) was that the budget only provided for subsidy up to June. That was the reason.

“But the new government will decide when it wants to. Of course, you know that when a new government takes over, the country is at its beck and call.

“Yes, I agree that the government is a continuum. But all policies are not a continuum.”