Categories: NewsPolitics

Bauchi Ex-governor Insists Federal Government Still Paying for Fuel Subsidy

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

VOP Lagos

Recent Posts

Bail Revoked: Malami Family Back in Custody Over Alleged Money Laundering

A Federal High Court has revoked the bail earlier granted to former Attorney-General of the…

2 hours ago

Forensic Experts Recover 105 Bodies from Yelwata Mass Graves as Probe into June 2025 Attack

Forensic specialists have recovered 105 bodies from mass graves in Yelwata, marking a significant development…

2 hours ago

Supreme Council for Sharia in Nigeria Rejects Foreign Pressure Over Islamic Law

The Supreme Council for Sharia in Nigeria (SCSN) has firmly dismissed reported calls by some…

3 hours ago

Adamawa Governor Fintiri Leads Mass Defection to APC

Ahmadu Umaru Fintiri, the Governor of Adamawa State, has officially left the Peoples Democratic Party…

7 hours ago

Worker Killed as Soldiers Clash With Government Enforcement Team in Ogun State

Tragedy struck in Ogun State after a worker attached to the state’s planning authority was…

8 hours ago

Abaribe, Natasha, Ireti Snubbed as Tinubu Hosts Iftar at Aso Villa

President Bola Tinubu hosted a select group of senators for an Iftar dinner at the…

1 day ago