May 30. (EUROPE PRESS) –
The communication office of the new president of Nigeria, Bola Tinubu, has asked citizens not to panic and stop compulsively collecting fuel, after the president recalled during the inauguration on Monday that the subsidy “had disappeared”.
In a statement on Tuesday, it was reported that said grant ends at the end of June, as planned, and that the new president’s statements were “neither a novelty nor an action by the administration.”
Thus, he communicates that Tinubu limited himself to mentioning how the current situation is, “taking into account that the previous administration’s budget to subsidize fuel was planned and approved to last only until the first half of the year.”
“Unfortunately, the budget before taking office is that there is no provision for the fuel subsidy. Therefore, the fuel subsidy has ended,” says the statement collected by various Nigerian media.
“At the end of June, the Federal Government will run out of funds to continue with the subsidy regime (…) The panic purchases that have occurred as a result (…) are unnecessary; they will not have immediate effect,” he stresses. the text.
The text ends by recalling the priorities of the new Government, which plans to reallocate the funds from these subsidies to other sectors for the benefit of society, such as investments in public infrastructure, education, health and employment “to materially improve the lives of millions of Nigerians “.
