Following speculations that the Federal Government of Nigeria, FGN, is considering temporary restoration of oil subsidy in a bid to ease the hardship across the nation, a chieftain of the All Progressives Congress, APC, Lanre Issa-Onilu, on Monday, disclosed that no official statement addressing such move has emerged from the office of the president.
Issa-Onilu, an APC former Deputy Director of Communication Strategy, who spoke on Channels Television’s Sunrise Daily breakfast programme said that “We should always rely on official sources. No such information has come from any official source to say we are going to bring back subsidy.
“People import fuel and sell at prices but the government cannot fold its arms and allow people to continue to suffer,” the APC chieftain said.
“They have looked at the numbers and said these prices cannot continue to go up if we deal with the inefficiencies in the system. The inefficiencies in the importation and delivery because that comes with cost.
“The government is trying to address everything along the value chain to ensure that there is smooth operation and nothing compounds the transactions and make things easier for the businessmen involved.”
It would be recalled that, Tinubu had on May 29, 2023, during his inauguration speech, announced the removal of petrol subsidy, with a litre of Premium Motor Spirit rising immediately from N184 to N500 and then to over N600.
