Bola Tinubu Reveals How He Would Handle Fuel Subsidy If Elected In 2023

Bola Tinubu had recently stated that if elected next year, he would phase out the fuel subsidy program, he also promised that in just 6 months into office as the President, he would introduce the deep water investment assets and hasten the implementation of the petroleum industrial act. Tinubu also promised to stabilize the petroleum Sector and stimulate the activities of local refineries across the country………………….Continue Reading

Tinubu stated that ” We shall phase out the energy subsidy yet maintain the sustaining social surety between government and the people. We do this by giving up the money that would have been used on the subsidy to finance targeted infrastructural, farming, and social well- being programs ranging from expressway construction to boreholes, public transportation allocations, and education and healthcare financing programs. In this way, the finances are more directly and better utilized to address critical social and money- spinning requirements.

” Our planned approach won’ t only alleviate the price stuff of deregulation but will also affect the significant expansion of public structure and enhancement of public well- being. Subsidy scrapping and deregulation are, still, only part of the result” …………………………..…Continue Reading

” To further extend our refining capacity, we shall concentrate on the recuperation of the nation’ s refineries and shall consider, as a model, the common adventure cooperation arrangements enforced by other leading oil- producing states and global petrochemical enterprises” .