No Fuel Subsidy In 2023 Appropriation Act – Keyamo

Former minister of labour and employment, Festus Keyamo, SAN, has said that President Bola Tinubu did not remove fuel subsidy but inherited the removal from the previous administration led by former president Muhammadu Buhari.

Concise News reported that Tinubu announced during his inauguration as President on Monday that fuel subsidy has been removed.

This led to backlash from Nigerians who claim necessary measures to ameliorate the resulting hardship was not put in place by Tinubu before he made the announcement.

Clearing the air, Keyamo stated that the 2023 Appropriation Act inherited by Tinubu has no provision for subsidy.

In a statement, 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 from 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.

“Those claiming to defend the right or welfare of workers should convince the Nigerian people that $10 billion injected into the economy yearly will not jumpstart the economy enough as to create massive jobs and even increase the same minimum wage they complain about.

“That is the conversation the Nigerian people are prepared to have now.”

Related Articles