Tinubu eliminated subsidy going into ‘non-public pocket,’ FG nonetheless paying for gasoline – Yuguda

Former Bauchi State Governor, Isa Yuguda, has mentioned President Bola Tinubu eliminated the subsidy going into non-public pockets and never petroleum merchandise.

Yugada insisted that the Federal Authorities was nonetheless paying subsidy on petroleum merchandise regardless of Tinubu’s declaration.

On Could 29, 2023, Tinubu had declared an finish to gasoline subsidy throughout his inaugural speech.

In February, the Worldwide Financial Fund, IMF, in one in every of its experiences, suggested Nigeria to fully section out pricey gasoline and electrical energy subsidies as a part of measures to deal with its financial challenges.

Nonetheless, talking with Channels Tv’s Politics Immediately on Monday, the previous governor mentioned: ”If the IMF says we’re paying subsidy, then we’re, however the subsidy that was eliminated was the one which was going into non-public pockets, and I decoupled that subsidy that ordinarily shouldn’t have been paid.

”If it ought to have been paid, it needs to be paid into the treasury of the nation. Immediately that income improve that we see is mirrored within the elimination of the monies that have been going into the pockets of personal people, as a substitute of what needs to be going into the treasury of the nation.”