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Tinubu still paying fuel subsidy, shocking — Former Vice President Atiku

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Former Vice President Atiku Abubakar has criticised the President Bola Tinubu-led administration over its continued payment of the fuel subsidy.

In a statement issued through X on Wednesday, the former presidential candidate of the People’s Democratic Party, PDP, expressed shock and concern about the government’s ongoing support for downstream consumption.

Atiku’s statement came shortly after the government acknowledged that fuel subsidy expenditures are projected to rise to ₦5.4 trillion in 2024.

The fuel subsidy statement was made by Wale Edun the Minister of Finance, on Tuesday during the presentation of the Accelerated Stabilisation and Advancement Plan (ASAP) to President Tinubu at the State House in Abuja.

Atiku remarked that despite President Bola Tinubu’s announcement of the subsidy abolition on May 29, 2023, the administration continues to pay subsidies covertly.

“President Bola Tinubu, at his inauguration on May 29, 2023, announced the abolishment of the subsidy on PMS, popularly known as fuel.

“Ever since, it has been a bragging right of Tinubu and officials of his administration. I had in my statement reviewing the one year of the Bola Tinubu administration urged the government to come clean on the actual position of the subsidy policy.

“If the subsidy regime had been characterised by opaqueness, what would we say of a situation where the subsidy is still being paid under the cover without Nigerians in the know?

“Like millions of Nigerians, I was shocked to learn through media reports that the government is still supporting downstream consumption,” he stated.

Atiku accused the Tinubu-led government of deceit, suggesting that it continues to fund fuel subsidy while publicly claiming otherwise.

“Now we know that expenditure on fuel subsidy may reach N5.4 trillion in 2024, compared to the N3.6 trillion spent in 2023, the same year that Tinubu claimed to have abolished fuel subsidy.

“I wish to restate that Nigeria is not working, and what we have had in a little over a year is a cocktail of trial-and-error economic policies.

‘Paying subsidies and lying about it is nothing to brag about. Nigerians deserve better than this deception,” he concluded.

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