During his speech, Tinubu mentioned that the budget he inherited upon assuming office and the information he received indicated that there is no allocation for fuel subsidy. With a straightforward statement, he confirmed the end of fuel subsidy, stating, "Fuel subsidy is gone."
Further details regarding the specifics of this decision are expected to be released in due course. The abolition of fuel subsidy marks a significant shift in the country's economic policy, and its impact on various sectors and the general public will be closely observed.