Connect with us

News

‘Fuel Subsidy Removal In Nigerians’ Best Interest’ – Minister

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

Published

on

fuel
Sell of fuel

 
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.

VerseNews reports that 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.

Advertisement

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.

Advertisement

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

gaduje gaduje
News18 hours ago

BREAKING: Just Days After Resignation, Ganduje Lands Powerful FG Appointment

This surprising appointment was confirmed in a video posted on X by the minister’s Special Adviser on Digital Media, Gbenga...

AtikuVN AtikuVN
Politics23 hours ago

Coalition: Atiku Finally Breaks Silence Amid Pressure to Step Down for Southern Candidate

Following the announcement of the coalition, speculations began circulating that some northern politicians ...

minimum age minimum age
Education1 day ago

BREAKING: FG Sets New Minimum Age for University Admission

The Federal Government warned that any attempt by institutions to manipulate or falsify age records...

nigerian banks nigerian banks
Business1 day ago

BREAKING: Nigerian Banks to Report Accounts With ₦5m Monthly Transactions

Nigerian Banks will now report or flag any personal or business account that processes a total of ₦5 million or...

muslims muslims
Lifestyle1 day ago

Why Muslims Bury Their Dead Within 24 Hours

Why Do Muslims Bury Their Dead So Quickly? Understanding the Faith and Tradition Behind Immediate Burial

jamb candidates jamb candidates
Education1 day ago

FULL LIST: JAMB Announces Top 10 2025 UTME Scorers

JAMB announces the top 10 candidates, along with their gender, state of origin, institution of choice, and course of choice

Nigerian International Passport Nigerian International Passport
News1 day ago

FG Launches Special Passport Office for Senior Public Officials

Olubunmi Tunji-Ojo, said the newly launched facility was established to address the challenges public officials.

jamb cut of mark jamb cut of mark
Education2 days ago

JAMB Sets 2025/2026 Admission Cut-Off Marks for Universities, Polytechnics and Colleges

The cut-off marks were approved during the 2025 JAMB Policy Meeting held in Abuja, which brought together key stakeholders.

asuu trike asuu trike
Education2 days ago

BREAKING: ASUU Declares Nationwide Strike

Already, ASUU branches at the University of Jos and the University of Abuja have commenced the strike action in compliance...

Double Taxation Agreement talks Double Taxation Agreement talks
Business2 days ago

Netherlands Begins Double Taxation Agreement Talks with Nigeria

The talks mark a significant step in Nigeria’s evolving international tax diplomacy and its effort to align with global fiscal...

Advertisement