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Home » News » Keyamo speaks on fuel subsidy removal

Keyamo speaks on fuel subsidy removal

Abimbola Fabunmi by Abimbola Fabunmi
4 months ago
in News, Nigeria
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Nigerian lawyer, columnist and human rights activist,  Festus Keyamo has noted that President Bola Tinubu did not remove oil subsidy.

According to Keyamo, Tinubu only inherited a budget that made no provision for fuel subsidy.

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Recall that during his inaugural speech at Eagles Square, Tinubu  said fuel subsidy was gone.

Following his announcement, many filling stations  hiked the pump price of their petroleum products, whilst some closed up.

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Also, long queues have returned to filling stations across the country.

The lawyer took to his Twitter handle to express his mind on the fuel subsidy removal.

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In his reaction to the subsidy removal,  Keyamo said Tinubu would have been starting on an illegal note if he had reintroduced fuel subsidy during his speech.

Keyamo’s tweet reads: “A section of the Press is mischievously twisting the narrative to read that TINUBU’s GOVERNMENT HAS REMOVED SUBSIDY. That is NOT CORRECT. TINUBU’s govt has merely inherited a regime where there was no provision for subsidy in the 2023 Appropriation Act as from June, 2023 and the Petroleum Industry Act which is now extant has no provision for subsidy.

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“President Tinubu merely acknowledged this state of affairs in his inaugural speech at the Eagle Square.

“So any advocate of subsidy should convince the Nigerian people why President Tinubu should start on a note of illegality by promising to reintroduce something which the law has taken away.

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“They should also convince the Nigerian people why President Tinubu should embark on a present illegality that gulped $10 billion of our scarce or unavailable resources in 2022 alone.

“Those claiming to defend the right or welfare of workers should convince the Nigerian people that $10 billion injected into the economy yearly will not jumpstart the economy enough as to create massive jobs and even increase the same minimum wage they complain about.

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“That is the conversation the Nigerian people are prepared to have now.”

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