President Tinubu Debunks Reports On Plan To Reintroduce Fuel Subsidy

By Daniel Dafe

Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, has debunked news making the rounds that the president is planning to reintroduce fuel subsidy.

Some online platforms (excluding Oasis Magazine) on Tuesday, said that the president was considering reintroducing fuel subsidy because of the increase in the landing cost of the product, just as there are speculations that the price will continue to increase.

The news outlets also reported that the president is touched by the sufferings of Nigerians and will temporarily reintroduce the fuel subsidy.

ALSO READ: Tinubu To Nigerians: There Will Be No Fuel Price Hike

But in a swift reaction, Ajayi, said on his X platform that “there is no plan to reintroduce any form of fuel subsidy.”

Adding: “There is no condition to support any increase in prices at this time.”

According to him, “President Tinubu is convinced based on information before him that we can maintain current pricing without reversing the current deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.”