Politics
Sani Reacts To Fuel Scarcity As Tinubu’s Subsidy Removal Statement Creates Tension
Former Kaduna Lawmaker, Shehu Sani has weighed in on the petroleum scarcity currently plaguing the nation.
CityNews recalls that President Bola Tinubu during his inaugural speech, yesterday, May 29 disclosed that the nation can no longer sustain fuel subsidy.
Tinubu said the outgoing administration made no provision for fuel subsidy in the 2023 budget.
He said, “Subsidy can no longer justify its ever-increasing costs in the wake of drying resources,” he said. Instead, his government will “re-channel the funds into better investment in public infrastructure, education, health care and jobs.”
Following the announcement long queues have erupted in filling stations.
CityNews Nigeria understands that marketers and operators have increased petrol pump price to N210-N500 per litre.
In Lagos, the sharp increase in fuel pump price is almost 100 per cent as Lagosians purchase the product for N370/per litre from 180/per litre.
In the case of Niger state, fuel pump prices had increased to 210 -300/per litre.
Reacting to the development via Twitter, Sani lamented that the lack of fuel is the usual blackmail that follows the removal of subsidy.
He wrote, “Shutting down Petrol stations on the announcements of the removal of petroleum subsidy is the usual blackmail by the subsidy time to neutralise the subsidy parasites.”
- Top Stories21 hours ago
Tinubu Blackmailed By Unseen Forces To Approve Cybersecurity Levy – Dikwa
- Top Stories20 hours ago
BREAKING: Airtel incurs $1.7 billion in foreign exchange loss over currency devaluation in Nigeria, Malawi
- News21 hours ago
Zenith Bank pays shareholders N109.9 billion in final dividend for FY 2023
- Politics21 hours ago
EFCC arraigns ex-Sharia Court Registrar for allegedly forging late businessman’s signature
- Top Stories15 hours ago
BREAKING: Reps halt implementation of cybersecurity levy
- Top Stories10 hours ago
Breaking: Senate Approves Death Penalty For Drug Traffickers
- News15 hours ago
Court grants ex-Aviation Minister, Sirika, daughter, others N100m bail, bars them from unauthorised trip
- Entertainment21 hours ago
Mohbad: Police Begin Investigation On Illegal Embalming Of Late Singer