Nasiru el-Rufai, the immediate past governor of Kaduna State, reiterated yesterday that the Federal Government has been heavily subsidizing petrol, also known as Premium Motor Spirit (PMS), to the tune of trillions of naira since its inception.


Under the leadership of President Bola Tinubu, el-Rufai disclosed that approximately N8 trillion has been expended on petrol subsidies since May 29th, 2023, until the present time.


He argued that without these subsidy payments, the price of petrol would have soared even higher, surpassing the cost of diesel, which currently hovers above N1,000 per litre in some areas, compared to petrol priced between N600 and N750 per litre.


El-Rufai delivered these remarks while presenting the lead paper at a workshop on Enhancing Skills of Government Officials in Policy Implementation and Productive Human Management Resources.

Read More: https://naijaupdate.ng/fg-still-subsidising-petrol-in-trillions-of-naira-el-rufai/

When we said APC led national government are not sincere to Nigerians, different names were called us. Thanks God it's one of them is gradually revealing the inner secret. These our leaders should as a matter of necessity be open to Nigerians.


I left..!

So if PBAT has returned subsidy and is even paying higher rates now, why are we still buying fuel @N700/ltr?? No subsidy savings, no cheap fuel & still no economic growth. Keep enjoying the Nigeria you voted for.