APC Chieftain Reacts to ‘temporary Subsidy Return’ Rumours, Says No Official Statement Yet

A chieftain of the All Progressives Congress, APC, Lanre Issa-Onilu, says that no official of the President Bola Tinubu administration has said that the government will temporarily return petrol subsidy to ease the pain suffered by Nigerians.

Issa-Onilu, an APC former Deputy Director of Communication Strategy, spoke on Channels Television’s Sunrise Daily breakfast programme today.

He said the government has no role to play in the prices of petroleum products as People import fuel and sell at prices but government cannot fold its arms and allow people to continue to suffer.

With the attendant economic effects of subsidy removal including food inflation, there was a report yesterday that the President was considering a temporary return to the subsidy regime to ease the hardship faced by many Nigerians as done in Kenya.

With forex scarcity biting harder, some oil marketers have threatened to raise petrol price as the landing cost of petrol rises but the Nigerian National Petroleum Company (NNPC) Limited and the President said there was no plan for such