ABUJA, NIGERIA – Vice President Kashim Shettima has reinforced the administration’s commitment to the removal of fuel subsidy, echoing President Bola Tinubu’s declaration in his inaugural address.
Speaking to State House Correspondents on Tuesday, May 30, 2023, Vice President Shettima reiterated the administration’s policy position on fuel subsidy.
He affirmed that there was no provision for fuel subsidy in the 2023 budget, thus rendering further payments unjustifiable.
President Tinubu had previously declared at his inauguration at the Eagle Square on Monday, May 29, 2023, “The fuel subsidy is gone.” The declaration marked a significant shift in Nigeria’s fiscal policy and has sparked diverse reactions across the country.
Shettima also reassured Nigerians of the administration’s dedication to improving the living standards of the people during its four-year term.
The commitment to the removal of fuel subsidy, he explained, is part of a broader set of reforms intended to steer the nation towards sustainable economic growth.