A former President of the Trade Union Congress (TUC), Comrade Peter Esele, has alleged that the Federal government resumed payment of fuel subsidy.
Esele made the claim during an interview on Channels ‘Sunrise Daily’ show on Tuesday, February 20.
Esele said in part: “Fuel subsidy is back; this is not something we should be arguing about; it is back and it’s even back in full force.”
President Bola Tinubu, on May 29, 2023, scraped fuel subsidy, saying the country can no longer subsidise the cost of fuel for its citizens.
There were, however, reports last week indicating that petrol subsidy returned and is now bigger than the amount being paid before the president stopped it.
One of the reports claimed that Nigeria is currently paying about N907.5 billion subsidy on premium motor spirit (PMS) popularly known as petrol, monthly.
This may not be unconnected to the country’s foreign exchange crisis, which reportedly pushed the actual cost of a litre of fuel to N1,203 in some parts of the country.
