The House of Representatives expressed its support for President Bola Tinubu’s decision to eliminate fuel subsidies, following a motion raised by member Jimoh Olajide. The House also urged Nigerians to be patient and prayerful, allowing the President to fulfill his promises.
During his inaugural speech at the Eagle Square in Abuja on Monday, Tinubu declared the end of fuel subsidy payments, stating that the 2023 Budget did not allocate any funds for subsidies and that they were no longer justifiable. Tinubu emphasized that his administration would redirect these funds towards infrastructure and other measures to strengthen the economy.
The Nigerian National Petroleum Company Limited (NNPCL) has backed Tinubu’s stance on the removal of fuel subsidies. However, the Trade Union Congress of Nigeria (TUC) argued that the President cannot unilaterally make such a decision, pointing out that the previous administration of Muhammadu Buhari had left the “sensitive issue” for the new government to handle. Consequently, fuel queues have reemerged nationwide as Nigerians search for the scarce product.
