FG still subsidising fuel, says petroleum minister Sylva

FG still subsidising fuel, says petroleum minister Sylva

- Despite the increasing price of petrol, the federal government says it is still subsidising the product for Nigerians

- According to the government, if it completely stops subsidising, the price of petrol will be more

- Meanwhile, Nigerians have reacted to the latest development with anger, saying the APC made the citizens believe subsidy was a scam

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In what will come as a big surprise to many Nigerians, the Muhammadu Buhari's administration has revealed that the Nigerian government is yet to completely stop subsidising petroleum products in the country.

This was disclosed by Timipre Sylva during his appearance as a guest on Channels Television on Monday, November 23.

He said:

“We are still trying to manage this bumpy start. We have not really been able to get to that 100 percent removal of subsidy from the foreign exchange end.

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“If we were to actually take it out completely and allow people to access foreign exchange from the parallel market and allow people to import the product, the price of the pump will even be more."
FG still subsidising petrol, Says Sylva
Muhammadu Buhari's administration has revealed that the Nigerian government is yet to completely stop subsidising petroleum products in the country. Photo: @FemiAdesina
Source: Twitter

Nigerians have however taken to the social media to react to the latest development.

Samson Oláníyì wrote on Facebook:

"Really? Is this a slip of tongue or what? So you are still subsidizing at N170 per litre? The last government under GEJ proposed to remove subsidy, to sell at N140/ltr. The proposal was greeted with vehement protest. APC made us believe that subsidy was a scam during the electioneering campaign. If that was a scam, what do we call this?"

Ohinbo Aigbogun added:

"But Buhari and his APC members said there was nothing like subsidy during their campaign in 2015, what are they subsidising now? It is only a senseless human being that can give a listening ear to all these cheap criminals who have only be successful in lies and propaganda."

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Meanwhile, Legit.ng had reported that Senator Enyinnaya Abaribe has stated that Buhari's government has failed the country.

The Senate minority leader made the comment while being interviewed in a programme on Channels Television.

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Legit.ng had also reported that the organised labour has disclosed that it is not planning to embark on any industrial action at the moment after labour leaders walked out from discussions with the federal government.

Comrade Joe Ajaero, the deputy president of the Nigeria Labour Congress, said the union cannot declare strike without engaging members and following due process.

Also, the Peoples Democratic Party (PDP) has urged President Buhari to reverse the recent hike in the pump price of fuel which increased from N159 to N170 per litre.

The party in a statement issued by its national publicity secretary, Kola Ologbondiyan, in Abuja, rejected the increase and described it as unbearable to Nigerians.

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Nigeria at 60: A history of fuel price increase since Independence | Legit TV

Source: Legit.ng

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