Phrank Shaibu, the spokesman to the 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has alleged that President Bola Tinubu has secretly reintroduced fuel subsidy.
It would be recalled that President Tinubu had, on the day of his inauguration on May 29, 2023, declared that the era of fuel subsidy in Nigeria is gone.
The announcement triggered an immediate increase in the price of petrol as well as a subsequent increase in the price of other products in the country.
In a statement on Tuesday, Shaibu claimed the reintroduction of fuel subsidy was evident in the huge gap between the prices of petrol, kerosene and diesel.
He asserted that the price of petrol has remained stable while the prices of diesel, kerosene and cooking gas have all gone up, stressing that Tinubu has reintroduced fuel subsidy without telling Nigerians.
Atiku’s spokesman argued that Nigerians couldn’t be buying fuel for as low as N600 to N700 based on current market forces if the subsidy was no longer in play.
He said, “The antics of this government should not deceive Nigerians. They have secretly reintroduced subsidies on petrol. That is why the price of petrol has remained stable while the prices of diesel, kerosene and cooking gas have all gone up.
How can the price of crude oil and forex go up, and the price of petrol remains static? Is it possible for the cost of rice to go up and the cost of fried rice, which has ingredients such as green pepper, green peas, and salt, remain static? It makes no sense!
“Foreign investors are aware of the lies being told by the Tinubu administration, hence their decision not to take him seriously.”
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