Petrol Subsidy Removal In Nigerians’ Best Interest — Minister

The Minister of Information and National Orientation, Mohammed Malagi, says Nigerians will soon...

The Minister of Information and National Orientation, Mohammed Malagi, says Nigerians will soon begin to feel the positive impact of the removal of petrol subsidy.

The minister stated this on Tuesday when he received Governor Umar Bago of Niger State in his office in Abuja.

Malagi said the decision by President Bola Tinubu to remove petrol subsidy is for the good of the country.

The minister further stated that the Federal Government has since saved money from the subsidy removal, which has been distributed to the states to cushion the economic impact of petrol subsidy removal.

He said, “You will agree with me that the fuel subsidy that was removed was actually in the best interest of Nigerians. We have said repeatedly that the pain of that removal will be felt temporarily before the smile, the positive of it will be seen.

“Within a short time, so much money has been saved and part of that money is already being sent to states so that the difficulty occasioned by the removal of the fuel subsidy is already being subsidised so to say.”

The minister also expressed confidence in the Tinubu administration to actualise his eight-priority agenda for the benefit of Nigerians.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

Nigeria’s Economy In Shock – Edun

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria’s

FG Declares Friday, Monday Public Holidays For Easter

The Federal Government has declared Friday, April 3, and Monday, April 6, as public holidays

Foreign Affairs Minister Tuggar Resigns

The Minister of Foreign Affairs, Yusuf Tuggar, has resigned. Tuggar’s resignation was confirmed by the

Financial Regulators Must Work Together to Tackle Cross-Border Risks In Africa — Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged African

FGN Launches National Single Window To Cut Trade Costs, Boost Growth

The Federal Government has launched Nigeria’s National Single Window in Lagos, a flagship reform to

Nigeria Ready To Boost Global Oil Supply Amid Middle East Tensions — Minister

Nigeria’s Minister of Information, Mohammed Idris, has said Nigeria is prepared to support global energy

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.