Former governor of Kaduna State, Malam Nasir El-Rufai, disclosed on Monday that fuel subsidy has been reinstated by the federal government, a move unknown to many Nigerians.
Speaking to reporters in Maiduguri, the capital of Borno State, El-Rufai highlighted that the government is currently shouldering a heavier burden with the reintroduction of the subsidy. El-Rufai emphasized that despite President Bola Tinubu's initial announcement of the removal of fuel subsidy in his inaugural speech, the policy has been reversed due to its ineffectiveness in reducing its impact.
In his statement, El-Rufai voiced his support for the policy, asserting that the government had to make necessary adjustments in response to the prevailing circumstances.
He stated, “Fuel subsidy is another policy that has been implemented by the president, it’s the right policy. I always supported withdrawing fuel subsidy, but in the course of implementation as you can see, the government has now realized that the subsidy has to be back because right now, we are paying a lot of money for subsidy even more than before."
El-Rufai attributed the resurgence of fuel subsidy to the inadequate effectiveness of the support packages intended to mitigate its impact, leading to the federal government's decision to resume subsidizing petrol.
