Former Bauchi State Governor, Isa Yuguda, has said President Bola Tinubu removed the subsidy going into private pockets and not petroleum products.
Yugada insisted that the Federal Government was still paying subsidy on petroleum products despite Tinubu’s declaration.
On May 29, 2023, Tinubu had declared an end to fuel subsidy during his inaugural speech.
In February, the International Monetary Fund, IMF, in one of its reports, advised Nigeria to completely phase out costly fuel and electricity subsidies as part of measures to address its economic challenges.
However, speaking on a Television Programme yesterday, the former governor said: If the IMF says the country is paying subsidy, then we are, but the subsidy that was removed was the one that was going into private pockets
