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Reading: Buhari: Petrol subsidy will end by 2023 — it's unsustainable
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Buhari: Petrol subsidy will end by 2023 — it's unsustainable

President Muhammadu Buhari has announced that oil subsidies  (Watch Buhari's claim)  will end in 2023 because it's becoming unsustainable fo...

Chukwudi Azubuike
Chukwudi Azubuike October 08, 2022
Updated October 8, 2022 at 6:43 AM
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Buhari: Petrol subsidy will end by 2023 — it's unsustainable
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President Muhammadu Buhari has announced that oil subsidies (Watch Buhari's claim) will end in 2023 because it's becoming unsustainable for the federal government to continue, hence the decision to discontinue the oil subsidies. (Watch Buhari's claim)

(Watch Buhari's claim) The President made the announcement related to the presentation of the 2023 budget proposal before the joint session of the National Assembly on Friday. The 2023 budget, tagged “Budget for Fiscal Sustainability and Transition,” was N19.76 trillion. President Buhari told the National Assembly that government alone cannot continue to fund tertiary institutions.

Buhari said the government would (Watch Buhari's claim) take other steps to ensure proper funding of education in Nigeria, drawing on experience in several other climes. (Watch Buhari's claim)

Meanwhile, Senate President Ahmad Lawan has called on the Executive to ensure the fiscal sustainability of 2023 and the transition budget is used for the implementation of many projects across the country. Ahmad Lawan said, “This administration is working tirelessly to ensure the delivery of critical infrastructure across the country. “The last three budgets have made provisions for various projects. While some have been completed, work on others continues at a high pace.

 "That's why the 2023 budget should be more", he said. (Watch Buhari's claim)


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