Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai

Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai

Nasir El-Rufai, the former governor of Kaduna State, has claimed that President Bola Tinubu’s government is still subsidizing fuel despite its high cost.

Remember that during his inaugural speech on May 29, 2023, the President proclaimed the end of gasoline subsidies.

The presidency has often stated that the government is not spending a cent on petrol subsidies.

However, addressing media in Maiduguri on Monday, El-Rufai stated that gasoline subsidies are back, adding that the Tinubu administration is paying more than previous governments.

He said that the packages of support that would reduce the impact of fuel subsidy were not effective, hence reversal of the policy.

“Fuel subsidy is another policy that has been implemented by the president, it’s the right policy. I always supported withdrawing fuel subsidy,” El-Rufai said.

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“But, in the course of implementation as you can see the government has now realized that the subsidy has to be back because right now, we are paying a lot of money for subsidy even more than before.

“This is because the impact has been seen and the packages of support that would reduce the impact have not been so effective in reducing the impact, so the federal government is back now subsidizing petrol.

“If they want to know whether we are subsidizing or not, they should compare the price of petrol and diesel because petrol should be more expensive than diesel but diesel is priced above a thousand naira while petrol is at N600 per liter.

“So, we are still subsidizing petrol because the government has realised that they way it implemented the fuel subsidy initially required some adjustments. That’s what I keep saying about policy and policy pragmatism,” he said.

Earlier, the former Kaduna governor also said he does not want to be referred to as a political godfather.

El-Rufai, who recently fell out with his predecessor Governor Uba Sani, said he cares less about the political events in Kaduna State.

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