FG Takes Fresh Action on Fuel Subsidy

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reaffirmed that the Federal Government will not reintroduce fuel subsidy, despite growing concerns over the rising cost of living since its removal.

He made the statement on Tuesday in Paris, France, during a meeting between President Bola Tinubu and global investors.

Oyedele insisted that the former subsidy regime created economic “distortions,” stressing that petrol prices would remain deregulated, with the government relying on market forces to determine pricing…CONTINUE FULL READING>>>