Tinubu removed subsidy going into ‘private pocket,’ FG still paying for fuel – Yuguda

 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 with Channels Television’s Politics Today
on Monday, the former governor said: ”If the IMF says we are paying subsidy,
then we are, but the subsidy that was removed was the one that was going into
private pockets, and I decoupled that subsidy that ordinarily shouldn’t have
been paid.