“Fuel subsidy is another policy that has been implemented by the president, it’s the right policys. I always supported withdrawing fuel subsidy,” El-Rufai stated. However, he pointed out that the measures put in place by the government to mitigate the impact of subsidy removal were ineffective, leading to the decision to revert to the subsidy regime.
El-Rufai highlighted the paradoxical situation wherein the government is now paying even more for subsidy than before, indicating a failure in the initial plan’s execution. This revelation sheds light on the government’s covert actions regarding fuel subsidy, prompting questions about transparency and accountability in its policies.
Our Data Prices on JMDATA:
- MTN SME 1: N255 per 1GB
- MTN Corporate: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: https://play.google.com/store/apps/details?id=com.encrypted.jmdata
Read also:Today in history: 112th anniversary of the RMS Titanic sinking
The reinstatement of fuel subsidy comes at a time when the global energy landscape is experiencing significant fluctuations, with repercussions on domestic fuel prices and government expenditure. It also raises concerns about the sustainability of such subsidies and their long-term implications for the economy.
As stakeholders and the public digest this revelation, calls for greater transparency and accountability in government policies are likely to intensify. The secrecy surrounding the reinstatement of fuel subsidy underscores the importance of robust oversight mechanisms to ensure that decisions affecting the welfare of citizens are made transparently and in the public interest.
Read more:Federal Government Traces Binance Executive Nadeem Anjarwalla to Kenya, Pursues Extradition Talks
The disclosure by El-Rufai adds a new dimension to the ongoing debate surrounding fuel subsidy in Nigeria, reigniting discussions on the feasibility and implications of its removal or reinstatement. It also underscores the need for policymakers to carefully consider the socio-economic implications of their decisions and to communicate them effectively to the public.
Source: Leadership.ng
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/C6C3F5tXtKE8SUuJUO78KA
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news