• Latest
  • Trending
  • All
  • News
  • Intimacy
  • Politics
  • Dear Kemi
Tinubu Puts An End To Fuel Subsidy: Petrol To Sell Over N300 Per Litre

Tinubu Puts An End To Fuel Subsidy: Petrol To Sell Over N300 Per Litre

May 29, 2023
Ballon d’Or 2023: Venue, Date, Time, and How to Watch The Awards

Ballon d’Or 2023: Venue, Date, Time, and How to Watch The Awards

October 4, 2023
Mohbad: Police Arrest Naira Marley Over Death Of Ilerioluwa

Mohbad: Police Arrest Naira Marley Over Death Of Ilerioluwa

October 4, 2023
Diphtheria: FCT And 19 States To Bring Back Use Of Face Masks

Diphtheria: FCT And 19 States To Bring Back Use Of Face Masks

October 4, 2023
Samklef: Banky W Won’t Dare To Speak About Justice For Mohbad

Samklef: Banky W Won’t Dare To Speak About Justice For Mohbad

October 3, 2023
Mohbad’s Father Breaks Silence On His Grandson Liam

Mohbad’s Father Breaks Silence On His Grandson Liam

October 3, 2023
Tinubu Nominates Balarabe To Replace El-Rufai As Minister

Tinubu Nominates Balarabe To Replace El-Rufai As Minister

October 3, 2023
Timeless: Davido Releases Official Music Video For ‘FEEL’

Timeless: Davido Releases Official Music Video For ‘FEEL’

October 4, 2023
Labour Accepts FG’s Proposals, Suspends Strike For 30 Days

Labour Accepts FG’s Proposals, Suspends Strike For 30 Days

October 3, 2023
Chicago State University Releases Tinubu’s Academic Records To Atiku (Photos)

Chicago State University Releases Tinubu’s Academic Records To Atiku (Photos)

October 3, 2023
Viral Aquafina Hawker Dr H2O Finds Grace As company Sets Him Up

Viral Aquafina Hawker Dr H2O Finds Grace As Company Sets Him Up

October 2, 2023
Labour Accepts FG’s Proposals, Suspends Strike For 30 Days

Tinubu’s Government Meets NLC And TUC Again Ahead Of Nationwide Strike

October 2, 2023
Basketmouth Tenders Apology To AY Makun Over Years Of Beef

Basketmouth Tenders Apology To AY Makun Over Years Of Beef

October 2, 2023
  • Politics
  • Sports
  • Privacy
  • About
  • Contact
Kemi Ashefon Love Haven
  • News
  • Politics
  • Tech
  • Entertainment
  • Sports
  • Intimacy
    • Just Singles
  • Dear Kemi
  • News
  • Politics
  • Tech
  • Entertainment
  • Sports
  • Intimacy
    • Just Singles
  • Dear Kemi
No Result
View All Result
Kemi Ashefon Love Haven
No Result
View All Result
Home Featured

Tinubu Puts An End To Fuel Subsidy: Petrol To Sell Over N300 Per Litre

Kemi Ashefon by Kemi Ashefon
4 months ago
in Featured, News, Politics
Reading Time: 2 mins read
0
Tinubu Puts An End To Fuel Subsidy: Petrol To Sell Over N300 Per Litre
512
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

President Bola Tinubu has cancelled on Monday, the subsidy on petrol for Nigerians.

The new President, who was sworn in as the 16th president of Nigeria affirmed that government would no longer subsidise petrol.

Tinubu, who disclosed this while delivering his inaugural speech said his team would open up to Nigerians, the key aspect of the economic policy for his administration.

According to the new President,  since the 2023 budget made no provision for fuel subsidy its payment is no longer justifiable.

“The fuel subsidy is gone,” he declared at Eagle Square on Monday.

The president added: “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

“We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.”

He also spoke on revamping Nigeria’s economy by ensuring budgetary reforms and promised to make electricity more accessible by encouraging various state governments to participate in power generation.

The Buhari -led governmentt had in January 2023, quietly approved ₦185 as the new petrol pump price per litre.

Tinubu also vowed to rid Nigeria of terrorism and criminality, adding that his government will review multiple taxations.

“Security shall be top of our administration,” he said, adding that he will reform security architecture, invest more in security personnel, better training and provide better equipment for security personnel.

Tinubu said he would end extreme poverty, make food more abundant, ensure inclusion for women and youths and discourage corruption.

Tags: Tinubu sworn in as 16th President
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 Kemi Ashefon Love Haven - Designed by Phatfirm.

No Result
View All Result
  • Dear Kemi
  • Newsmakers
  • Entertainment

© 2022 Kemi Ashefon Love Haven - Designed by Phatfirm.