President Bola Tinubu did not eliminate the fuel subsidy, according to Festus Keyamo, the chief spokesperson for the All Progressives Congress presidential campaign.
He claims that some media outlets are “mischievously twisting the narrative to read that Tinubu’s government has removed subsidy,” despite the fact that President Tinubu said that subsidy was gone during his inaugural speech on May 29.
Keyamo, a former minister of state for labor, stated that Tinubu’s administration merely took over from a system in which neither the Petroleum Industry Act, which is currently in effect, nor the 2023 Appropriations Act, which begins in June 2023, contained any provisions for subsidies.
In a series of tweets on his official handle, @fkeyamo, he said, “A section of the Press is mischievously twisting the narrative to read that Tinubu’s government has removed subsidy. That is not correct. Tinubu’s govt has merely inherited a regime where there was no provision for subsidy in the 2023 Appropriation Act as of June 2023 and the Petroleum Industry Act which is now extant has no provision for subsidy.
“President Tinubu merely acknowledged this state of affairs in his inaugural speech at the Eagle Square.
“So, any advocate of subsidy should convince the Nigerian people why President Tinubu should start on a note of illegality by promising to reintroduce something which the law has taken away. They should also convince the Nigerian people why President Tinubu should embark on a present illegality that gulped $10 billion of our scarce or unavailable resources in 2022 alone.”
He added that those claiming to defend the rights or welfare of workers should convince the Nigerian people that the $10 billion injected into the economy annually will not jumpstart the economy enough to create massive jobs and even increase the same minimum wage they complain about.