• Latest
  • Trending
  • All
  • News
  • Politics
  • Lifestyle
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

October 9, 2024
How Iwuanyanwu’s Will Barred Beautiful Widow, Frances  From Remarrying

How Iwuanyanwu’s Will Barred Beautiful Widow, Frances From Remarrying

June 23, 2025
Wife to Rotimi Akeredolu: “You Left Me To Face Mockers”

Akeredolu’s Widow Lambasts Aiyedatiwa Over Demolition

June 23, 2025
May 29: Tinubu Make U-Turn Says He Wouldn’t Address National Assembly Today

Tinubu Never Supported Annulment Of June 12 Election— Presidency

June 23, 2025
Fuel Subsidy: Sanwo-Olu Begs NLC, Nigerians…Says Tinubu Means Well  

Gov Sanwo-Olu To Meet With APC Stakeholders

June 23, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Adverts
Tuesday, June 24, 2025
  • Login
Kemi Ashefon Love Haven
  • News
  • Dear Kemi
  • Intimacy
  • Politics
  • Entertainment
  • Lifestyle
  • Tech
  • Sport
No Result
View All Result
  • News
  • Dear Kemi
  • Intimacy
  • Politics
  • Entertainment
  • Lifestyle
  • Tech
  • Sport
No Result
View All Result
Kemi Ashefon Love Haven
No Result
View All Result
ADVERTISEMENT
Home Entertainment

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

Kemi Ashefon by Kemi Ashefon
2 years ago
in Entertainment, General, News, Politics
Reading Time: 2 mins read
0
Tinubu Puts An End To Fuel Subsidy: Petrol To Sell Over N300 Per Litre

President Bola Ahmed Tinubu

491
SHARES
1.4k
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.

Kemi Ashefon Love Haven

Copyright © 2024 Kemi Ashefon Love Haven.

Navigate Site

  • About Us
  • Privacy Policy
  • Cookie Policy
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About Us
  • Privacy Policy
  • Cookie Policy
  • Contact Us

Copyright © 2024 Kemi Ashefon Love Haven.