THE NEWS YOU NEED
THE All Progressives Congress, APC, presidential candidate, Bola Tinubu, has vowed to remove the subsidy on petrol if elected president.
Tinubu disclosed this while meeting with business leaders in Lagos State on Friday.
The APC flag bearer said funds spent on fuel subsidies would be redirected to public infrastructure, health, and physical policies, among others.
He said: “We must remove the PMS subsidy immediately. We will redirect funds to public infrastructure, health, and affordable infrastructure.
“Physical policy will be the main driver, we must steadily move out budget from dollar-dominated oil revenue.”
Nigeria expends heavily on fuel subsidies yearly, a situation that some economic stakeholders have described as fraudulent.
Similarly, the Labour Party, LP, presidential candidate Peter Obi had described fuel subsidy in Nigeria as an organized crime.
Obi vowed to remove fuel subsidy if elected president next month.
President Bola Ahmed Tinubu has announced 26 new appointments into 10 Federal Government agencies and…
THE Association of Local Governments of Nigeria (ALGON), Osun State Chapter, has announced the immediate…
THE self-acclaimed Director-General of the controversial Presidential Foreign Investment Promotion Council, PFIPC, Prince Adeyemi Adeniyi,…
News Update Nigeria’s Super Falcons retained 26th position in the latest FIFA World rankings released…
THE Federal High Court sitting in Abuja has granted bail to the National President of…
THE Independent National Electoral Commission (INEC) has announced the commencement of the distribution of Permanent…