Why “We’re Working Diligently to Relieve Nigerians Amid Fuel Hike,” Assures SGF

The Secretary to the Government of the Federation (SGF), George Akume, has assured Nigerians that the government is actively working to alleviate the hardships caused by the recent hike in petrol prices.

Akume acknowledged the pain experienced by Nigerians due to the fuel price increase and reassured them that the government is devising strategies to stabilize the market forces and bring about more normalized pricing….CONTINUE READING

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He emphasized that the administration led by President Tinubu is committed to implementing policies aimed at improving the quality of life and enhancing the economic well-being of Nigerians.In a tweet on Sunday, he stated, “As a government, we have heard your cries about fuel price increases, and be rest assured; we are working round the clock to normalize & bring solutions that ease the pain.

Our job is to give you the quality of life you deserve when you wake up. So far, we are on course.”Akume also highlighted that President Tinubu came into office with a well-prepared plan to address the challenges facing the country, and he is diligently implementing it.

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He further stressed that the subsidy regime was “regressive” and needed to be discontinued. He explained that the country could no longer sustain the colossal annual subsidy payments of $11 billion, which were linked to inefficiencies in the oil and gas value chain.

Since the removal of petrol subsidy, the commodity’s price has increased significantly from about N190 per litre to between N600 and N700. This development has sparked public discontent, but Akume assured Nigerians that the government is well aware of their concerns and is actively addressing the situation….CONTINUE READING

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