The Federal Government, on Monday, said it was developing a comprehensive guide for the incoming administration of Bola Tinubu, on how to manage the removal of subsidy on Premium Motor Spirit, popularly called petrol.
It also insisted that the regime of the outgoing President, Major General Muhammadu Buhari (retd.), had done excellently well in the management of fuel subsidy, despite revealing that Nigeria spent over N13tn subsidising PMS between 2005 and 2021.
A new government to be headed by the President-elect, Bola Tinubu, is to be inaugurated on May 29, 2023. Speaking at the unveiling of the 2022-2026 Strategic Plan of the Nigeria Extractive Industries Transparency Initiative, in Abuja, the Secretary to the Government of the Federation, Boss Mustapha, said the Federal Government had been following the debates around subsidy removal by citizens.
He said some of the debates include the need to fix Nigeria’s refineries and the creation of visible safety net programmes to reduce the impact on the poor and vulnerable in society, especially workers.
