In his inaugural speech at the Eagle Square in Abuja on Monday, Tinubu declared the end of the era of fuel subsidy payment. He stated that the 2023 budget did not include provisions for fuel subsidy, making any further payments unjustifiable.

Tinubu has announced the removal of the fuel subsidy. According to him, the government will redirect funds towards infrastructure and other sectors to bolster the economy.

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Following the presidential announcement, there has been a swift resurgence of fuel queues across the country, with Nigerians scrambling to obtain the premium product.

Tinubu’s decision has been met with resistance from the NLC and TUC, despite receiving support from the Nigerian National Petroleum Company Limited (NNPCL) and House of Representatives.

Organised labour has stated that the President lacks the authority to unilaterally make a decision regarding the removal of subsidies.

According to TUC President, Festus Osifo, the previous administration of Muhammadu Buhari deliberately deferred the handling of a “sensitive issue” to the current government.

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