Tinubu Insists Fuel Subsidy Benefits only Rich Citizens, Unsustainable

Tinubu insists fuel subsidy benefits only rich citizens, unsustainable

President Bola Tinubu has reiterated that the fuel subsidy regime was unsustainable and only beneficial to the affluent Nigerians.

How Nigerians are benefitting from reallocated subsidy funds, Tinubu speaks

President Tinubu reveals Nigeria's fuel subsidy removal funds are being invested in critical infrastructure, social safety nets & economic reforms.

PICNG: Investigation uncovers major corruptions in Tinubu's CNG initiative

A weeks-long investigation by Premium Times has revealed significant financial misappropriation, black market diversions, and conflicts of interest threatening Nigeria’s Presidential Initiative on Compressed Natural Gas (PICNG). The flagship program was launched by President Bola Tinubu to alleviate transportation costs following the removal of the petrol subsidy.  The initiative, designed to promote cleaner and more affordable energy through Co…

Fuel Subsidy Savings Funding Infrastructure, Economic Reforms

President Bola Tinubu has said that savings from the removal of fuel subsidy are being redirected into critical infrastructure, social safety nets, and economic reforms aimed at fostering inclusive development and rebuilding public trust. The post Fuel Subsidy Savings Funding Infrastructure, Economic Reforms – Tinubu appeared first on Trending News.

How Tinubu Is Spending the Money from Fuel Subsidy Removal

When President Bola Tinubu ended Nigeria’s long-standing petrol subsidy in May 2023, it unlocked resources that had been siphoned away by government revenue for decades. Under the previous regime, monthly subsidy payouts averaged around ₦9 billion; today, federated allocations hover near ₦1.6 trillion per month, a roughly 170× increase in fiscal space to fund development … The post How Tinubu Is Spending the Money from Fuel Subsidy Removal appea…

N4tn Subsidy Savings Channeled To Infrastructure – Tinubu

President Bola Ahmed Tinubu has said that the Nigerian government has redirected about N4 trillion saved from the removal of fuel subsidies to critical infrastructure and social welfare programmes aimed at easing the burden on ordinary Nigerians and stimulating the economy. Speaking at the opening of the National Conference on Public Accounts and Fiscal [...] Source from InfoStride News