Festus Keyamo, the Chief Spokesman for the All Progressives Congress Presidential Campaign, has shed light on President Bola Tinubu’s position regarding fuel subsidy removal. Addressing a misrepresentation by certain media outlets, Keyamo refuted claims that Tinubu’s government had abolished subsidy, emphasizing that the president had clearly stated its elimination during his inaugural speech on May 29.
Festus Keyamo, a former Minister of State for Labour, explained that Tinubu’s administration inherited a regime where the 2023 Appropriation Act, effective from June 2023, lacked provisions for subsidy. Furthermore, he highlighted that the Petroleum Industry Act, which is now in effect, also does not include any subsidy provisions.