Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Nollywood Needs Structure – Omotola

    June 7, 2025

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Nollywood Needs Structure – Omotola
    • Coco Gauff Beats Sabalenka To Win First French Open
    • Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca
    • Darey Art Alade’s Car Completely Burnt On Third Mainland Bridge
    • President Should Stop Appointing INEC Chairman – Groups
    • Commissioners, Lawmakers Decline to Follow Governor Eno to APC
    • Enugu Governor, Mbah Mourns ‘Gwo gwo gwo ngwo’ crooner, Ejeagha
    • Akwa Ibom Governor, Umo Eno Officially Joins APC
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Sunday, June 8
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Presidency Faults NLC Comments, Says Tinubu’s Govt Didn’t Betray Them On Subsidy Payment
    2 Mins Read13 ViewsSeptember 4, 2024

    Presidency Faults NLC Comments, Says Tinubu’s Govt Didn’t Betray Them On Subsidy Payment

    By Festus AdeloyeSeptember 4, 2024No Comments13 Views2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Special Adviser to the President on Information and Strategy, Bayo Onanuga, has faulted comments made by the Nigeria Labour Congress (NLC) that  President Bola Tinubu has betrayed them going by the increase in fuel pump price.

    Onanuga’s clarification came following speculations that the federal government was still paying fuel subsidies despite his declaration in May 2023.

    In a statement issued via his official X handle, Onanuga debunked claims that the current government had been unfaithful to its policy of not paying fuel subsidies since President Tinubu announced the deregulation of the PMS sector on May 29, 2023.

    “I have read a series of articles attacking the Federal Government for not telling the truth about fuel subsidy payments, following NNPC Limited’s admittance it was owing suppliers some $6 billion.

    “Some of the stories have been written with relish, as the authors believed they have uncovered some scoops.

    “The truth is that there is no discovery. No lie uncovered.

    “The government has been faithful to its policy that it was no longer going to pay fuel subsidies since President Tinubu announced the deregulation of the PMS sector on 29 May 2023.

    “Since then, subsidy provisions have disappeared from the budget. It was not in the Supplementary budget of 2023, not in the 2024 budget and the amended 2024 budget.

    “So the giddy headlines about the so-called unraveling of the Tinubu government’s subsidy payment; and return of subsidy were not justifiable.

    “Rather what has unravelled was the commendable disposition of the oil company owned by all the tiers of government to absorb the rising costs of petrol at the pump and protect the Nigerian consumer.

    “That generous disposition by NNPC Limited, backed by a compassionate president unwilling to let the people suffer, has been under threat for months, because of the rising cost of crude and the devalued Naira.

    “The NNPC cried out recently because it can no longer sustain the price differential on its balance sheet without becoming insolvent.

    “The situation has greater implications for the ability of the three tiers of government to function as the NNPC has failed to pay into the Federation Account, the money that should go to the government.

    “There are no easy choices.

    “Something must be done to make NNPC survive, keep the engines of government running and petrol flowing at the pumps.”

    Author

    • Festus Adeloye
      Festus Adeloye

      View all posts
    Deregulation Fuel Subsidies NLC Presidency tinubu
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Festus Adeloye

    Related Posts

    Entertainment

    Nollywood Needs Structure – Omotola

    June 7, 2025
    Breaking News

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025
    Culture & Tourism

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025
    Entertainment

    Darey Art Alade’s Car Completely Burnt On Third Mainland Bridge

    June 7, 2025
    Featured

    President Should Stop Appointing INEC Chairman – Groups

    June 7, 2025
    Featured

    Commissioners, Lawmakers Decline to Follow Governor Eno to APC

    June 7, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Nollywood Needs Structure – Omotola

    June 7, 2025

    Coco Gauff Beats Sabalenka To Win First French Open

    June 7, 2025

    Hajj: Fire Guts Hotel Housing 480 Nigerians In Mecca

    June 7, 2025

    Darey Art Alade’s Car Completely Burnt On Third Mainland Bridge

    June 7, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.