Subsidy on the premium motor spirit (PMS), popularly referred to as petrol, is again in an even bigger measure with out the the attention of Nigerians.
Instant-past governor of Kaduna State, Mallam Nasir El-Rufai, disclosed this on Monday whereas talking with journalists in Maiduguri, the Borno State capital.
El-Rufai mentioned though he supported that the subsidy elimination coverage, he, nonetheless, criticised its implementation.
“Gas subsidy is one other coverage that has been applied by the president, it’s the fitting coverage. I at all times supported withdrawing gasoline subsidy,” he mentioned.
He added that measures put in place by the Federal Authorities as packages to scale back the impression of gasoline subsidy elimination have been ineffective, therefore the reversal to the subsidy regime.
“However, in the midst of implementation as you may see, the federal government has now realised that the subsidy must be again as a result of proper now, we’re paying some huge cash for subsidy much more than earlier than,” the previous governor mentioned.
Recall President Bola Tinubu had on Could 29, 2023 throughout his inaugural speech eliminated the gasoline subsidy in his first main financial coverage pronouncement that has been blamed for the present financial state of affairs within the nation.
Tinubu had informed the nation that the continued fee of subsidy was not justifiable.
El-Rufai, nonetheless, believed that the coverage wanted some changes by the Federal Authorities.
“It’s because the impression has been seen, and the packages of assist that would scale back the impression haven’t been so efficient in decreasing the impression, so the federal authorities is again now subsidising Petrol,” he acknowledged.