{"id":1671,"date":"2023-05-30T13:08:02","date_gmt":"2023-05-30T13:08:02","guid":{"rendered":"https:\/\/thenewsnow.org\/?p=1671"},"modified":"2023-05-30T13:08:02","modified_gmt":"2023-05-30T13:08:02","slug":"fuel-subsidy-removal-not-happening-immediately-tinubu-media-centre","status":"publish","type":"post","link":"https:\/\/thenewsnow.org\/index.php\/2023\/05\/30\/fuel-subsidy-removal-not-happening-immediately-tinubu-media-centre\/","title":{"rendered":"Fuel Subsidy Removal Not Happening Immediately \u2014 Tinubu Media Centre"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The Asiwaju Bola Ahmed Media Centre has urged Nigerian citizens to relax as the removal of the fuel subsidy announced by President Bola Tinubu on Monday, will not happen immediately.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Centre, in a tweet said the development was neither a new one nor an action of his new administration.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe public is advised to note that President Bola Tinubu\u2019s declaration that \u2018subsidy is gone\u2019 is neither a new development nor an action of his new administration.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><br \/>\n\u201cHe was merely communicating the status quo, considering that the previous administration\u2019s budget for fuel subsidy was planned and approved to last for only the first half of the year.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cEffectively, this means that by the end of June, the Federal Government will be without funds to continue the subsidy regime, translating to its termination.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe panic-buying that has ensued as a result of the communication is needless; it will not take immediate effect.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cFurthermore, President Tinubu was clear about his plans to re-channel the funds previously devoted to the payment of subsidies into better investments that will cushion the effects of the removal on the general public, especially the poor of the poor. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThis includes but is not limited to investments in public infrastructure, education, healthcare and jobs that will materially improve the lives of millions of Nigerians and increase their earning potential,\u201d the Centre said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Asiwaju Bola Ahmed Media Centre has urged Nigerian citizens to relax as the removal of the fuel subsidy announced<\/p>\n","protected":false},"author":1,"featured_media":1672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/1671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=1671"}],"version-history":[{"count":1,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/1671\/revisions"}],"predecessor-version":[{"id":1673,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/1671\/revisions\/1673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/1672"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=1671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=1671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=1671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}