Minister of Information and National Orientation, Mohammed Idris, has lauded the removal of petrol subsidy by President Bola Tinubu, saying the singular act has reduced the importation of the product into the country by 50 per cent.
Though the removal of the subsidy by Tinubu during his inaugural speech on May 29, 2023, where he declared that “fuel subsidy is gone” has brought untold hardship and hunger on Nigerians, with petrol pump price jumping to over N600, Idris, while speaking at the third edition of the ministerial press briefing series in Abuja on Wednesday, said fuel importation crashed by 990 million litres monthly as a result of the subsidy removal.
“Petrol importation has been reduced by 50 per cent since the withdrawal of the fuel subsidy,” the information minister stated.
