Fuel Queues Resurfaces as President Tinubu Announces Subsidy Removal PremiumTimesng: Nigeria
Mr Tinubu on Monday in his inaugural address at Eagle Square, Abuja, declared that there would no longer be a petroleum subsidy regime as it was not sustainable.
“We shall, instead, re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions,” Mr Tinubu said. Many filling stations in the Lugbe area of Abuja sold petrol at prices ranging between N194 and N198. Outside Abuja, residents said fuel stations sold petrol for N230.
“People don’t know what will happen and petrol station owners too are not certain of what the new government will do,” he said. “I’m here to buy and store so I can manage it before the filling station starts increasing their litre price,” he added.
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