President Bola Tinubu To Release Details Of Fuel Subsidy Capital Deployment
Nigerian President, Bola Ahmed Tinubu has announced that the Federal Government will soon publish details of how finance generated from the removal of fuel subsidy was utilised.
Reports says that the president disclosed the information on Thursday, 13th August, while receiving the leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), where he defended the subsidy removal and highlighted infrastructure projects being financed by his administration.
The President recalled discussions with the union before his election, saying NUPENG had raised concerns about the policy and the possibility of industrial action.
He described the engagement as “a very, very friendly and frank discussion,” .
He rejected suggestions that his administration’s economic policies had failed to benefit ordinary Nigerians.
Tinubu pointed to regular salary payments at the local, state and federal levels as examples of how government spending affects households and the wider economy.
He also argued that salary payments also support traders, families and other participants in the economy.
Tinubu said his administration had been able to secure funding for long-term infrastructure projects such as the Lagos-Ibadan road, Abuja-Kaduna road, Abuja-Kano and Sokoto-Badagry highways despite economic challenges.
Priscilla Uzobuenyi
Hey 👋 Feeling stuck trying to build your character, or just keep up with life without feeling overwhelmed? Maybe you...
