Why I decided to remove subsidy on petrol

Why I decided to remove subsidy on petrol – Tinubu

President Bola Tinubu has explained why he removed subsidy on petrol.

According to Tinubu, it was a challenging decision to make, but necessary to ensure a transparent energy sector.

The President stated this while speaking at the opening of the 2024 Nigeria International Energy Summit, NIES, in Abuja.

Tinubu was represented by his Minister of Information and National Orientation, Mohammed Idris.

Idris said: “The petroleum subsidy has, over the years, strained our economic resources, leading to inefficiencies and, most importantly, hindering our ability to invest in critical areas of energy security.

“By removing the subsidy, we are creating a more transparent and accountable energy sector. The funds that were previously allocated to subsidising petroleum products are now redirected towards developing and upgrading our energy and other social infrastructure.

“Furthermore, the removal of the subsidy has encouraged further private sector participation in the energy industry, with the potential to attract more local and international investors and foster innovation and competition that will drive down costs and improve the overall efficiency of our energy sector.”

Comments

HAUSA PRAISE & WORSHIP MEDLEY LYRICS

HAUSA PRAISE & WORSHIP MEDLEY LYRICS HAUSA PRAISE & WORSHIP MEDLEY LYRICS YESU MUNGODE MAKA YAU (JESUS WE’RE SAYING THANK YOU LORD) UBANGIJI KAI KADAI KA ISA YABO O (OUR SAVIOUR YOU ALONE ART WORTHY TO BE PRAISE) KAI KADAI [3X] UBANGIJI KAI KADAI ISA YABO (YOU ALONE [3X] OUR SAVIOUR YOU ALONE ART WORTHY TO BE PRAISE) YA YESU NA ….. (OH JESUS) KAI ISA DAUKAKA (YOU ARE WORTHY TO BE LIFTED UP) YA YESU NA (MY JESUS) KA ISA YABO (YOU ARE WORTHY TO BE PRAISE) KA ISA YABO [2X] (YOU ARE WORTHY TO BE PRAISE [2X]) KAI ISA DAUKAKA (WORTHY TO BE LIFTED UP) YA YESU NA ….. (OH JESUS) KA ISA YABO (YOU ARE WORTHY TO BE PRAISE) MAI ZA MU BA WA YESU MAI MU KEDESHI (NOTHING BUT THANKS) MAI ZA MU BA SA WANDA YA WUSE GODIYA (JUST THANKS, NOTHING BUT THANKS) SAI GODIYA [2X] MAI ZA MU BA SA WANDA YA WUSE GODIYA (JUST THANKS, NOTHING BUT THANKS) CHAN SA MA NI YA,CHAN SAMA NIYA , CHAN SA MA NI YA CHAN CH...

HAPPY BIRTHDAY @ DR SAMSON ADEWALE ADEGOKE FROM TIMBLOGGIST.COM

To the man who taught me.that everything about life is simplle. Love you, "To the king of our castle, and my personal hero. "Thank you for your wisdom, your guidance, and your unwavering support. You are my greatest gift. Your love and sacrifices have made me who I am today. Thank you for everything. "Happy birthday to the world's best "Thanks for everything sir. You deserve the best!" "You're my hero, my role model, and my best friend. "Wishing you a day as amazing as you are. Happy birthday, Sir!"

Nutritious Choices: These Are The Foods You Can Consume To Avoid Gaining Weight

Dieters frequently hear one thing. It is suggested that they eat till they are satisfied. The issue lies in the vast array of dietary options available, each of which affects appetite and satiety in a unique way. Imagine this: you might feel more satisfied after eating a 200-calorie chicken breast than after eating a 500-calorie chocolate cake. This is why waiting to eat until you're full will never help you lose weight. The main focus is on selecting foods that will satiate your hunger while consuming the fewest calories. A Catalog Of Nutritious Foods You Can Consume Without Putting on Weight Nutritious Choices: These Are The Foods You Can Consume To Avoid Gaining Weight The satiety effects of any food are correlated with its calorie amount. Numerous factors influence how much food makes you feel satisfied while you're hungry. The calorie and satiety ratio of meals is evaluated using the satiety index scale. The ability of a food to make you feel fu...

TIMBLOGGIST.COM

Search This Blog