Adams Oshiomhole, a senator-elect, has eliminated the prospect of the federal government reversing its decision on removal of fuel subsidy and changing fuel price from N488 and N557 per litre to N194.
Oshiomhole stated that the 2023 budget does not include funding for fuel subsidy after May 31 during a television appearance.
The former labour leader who is also an ex-Edo State governor backed President Bola Tinubu’s decision, saying that other presidential candidates might have followed suit if they had won the February 2023 election. President Bola Tinubu announced the removal on Monday last week.
“I think Nigerians are aware that this year’s budget did not provide for subsidy throughout 2023. It ended in June.
“All the leading presidential candidates had during the electioneering season agreed to remove the subsidy. I remember the then candidate, Peter Obi saying he would remove it the very first day. Atiku Abubakar and Bola Tinubu said the same thing.
“The issue is not whether you have revenue, if Nigeria is going to save about N7 trillion by removing subsidy, then there is no question that you can take part of that and put it in other sectors because those savings will go to the federation account which will be distributed among the three tiers of government,” the former Edo State governor said.
While it continues to negotiate over the recent surge in fuel price, the Trade Union Congress (TUC) on Sunday demanded that the FG return to the old fuel price of N194 per litre.
In an effort to reduce the impact of the fuel subsidy removal on Nigerians, the union also requested that the government examine the present minimum wage.
The demands were presented during the rescheduled meeting with the government on Sunday night at the State House, Abuja.