President Bola Tinubu had on May 29, during his inauguration as President at Eagle Square, Abuja, announced the effective end of the subsidy regime.
Just last week, the Tinubu administration managed an arrangement with Labour, including the implementation of some palliative measures, including a provisional wage increment. He said: “I told you there’s no subsidy whatsoever, we are recovering our full cost from the products that we import. We sell to the market, we understand why the marketers are unable to import. We hope that they do this very quickly and these are some of the interventions the government is doing. There is no subsidy.”
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