The President disclosed this during a meeting with members of the Nigerian community in France on Friday, June 23, 2023.
Tinubu, who described fuel subsidy as a “scam” and disincentive to growth, insisted that the policy only rewarded smugglers and reduced the burden of the real cost of the commodity for some countries.
This is contained in a statement issued by his Special Adviser on Special Duties, Communication and Strategy, Dele Alake, later on Friday.