News
Fuel Subsidy Removal going into ‘private pocket,’ FG still paying for fuel – Yuguda
Chinyere Orji
Former Bauchi State Governor, Isa Yuguda, says President Bola Tinubu removed subsidy going into private pockets and not petroleum products.
Yugada insisted that the Federal Government was still paying subsidy on petroleum products despite Tinubu’s declaration.
On May 29, 2023, Tinubu had declared an end to fuel subsidy during his inaugural speech..
In February, the International Monetary Fund, IMF, in one of its reports, advised Nigeria to completely phase out costly fuel and electricity subsidies as part of measures to address its economic challenges.
However, speaking with Channels Television’s Politics Today on Monday, the former governor said: ”If the IMF says we are paying subsidy, then we are, but the subsidy that was removed was the one that was going into private pockets, and I decoupled that subsidy that ordinarily shouldn’t have been paid.
”If it should have been paid, it should be paid into the treasury of the country. Today that revenue increase that we see is reflected in the removal of the monies that were going into the pockets of private individuals, instead of what should be going into the treasury of the country.”
Daily Post
-
News5 days ago
Bauchí Govt Condemns Sen. Shehu Buba over “baseless ” comments on Zaranda shooting
-
Health6 days ago
Malnutrition: NAWOJ, UNICEF Train Bauchi Women Groups On Home Grown Feeding
-
News6 days ago
Sowore regains freedom
-
News6 days ago
Senator Buba Seeks Justice For Slain Charcoal Seller
-
News4 days ago
PDP Crisis: “I have enough water to quench your fire” Bauchi Gov Replies Wike.
-
News5 days ago
Bauchi Govt Donates N250m To Flood Victims In Borno
-
Crime6 days ago
Senator Buba Condemns Brutal Attack in Constituency ….Vows Killers Will Not Escape Justice
-
Politics3 days ago
Only PDP has the capacity to deliver Nigeria– Bauchi Governor