2023: Tinubu Vows to End Petrol Subsidy, FX Crisis

If elected President the following year, Bola Tinubu of the All Progressives  Congress  (APC)    promised to end the contentious gasoline subsidy that eats up trillions of Naira annually and to address the forex crisis that is impeding the economy in his 80-page manifesto, which was unveiled in Abuja yesterday. 

Aisha, the wife of President Muhammadu Buhari, stated in a BBC interview yesterday that the governing APC would win the 2023 presidential election and “hand over to another APC government.” This is a related development.

The State House Banquet Hall hosted the unveiling of Tinubu’s campaign platform, titled “Renewed hope: Action Plan for a Better Nigeria,” as well as the inauguration of the APC Presidential Campaign Council (PCC) by Buhari. Aside from phasing out fuel subsidies, Tinubu pledged in his platform to speed up the Petroleum Industry Act’s full implementation and to put in place additional beneficial policies to entice investment in deepwater assets within six months. “I will fully deregulate the downstream sector and make sure that local refinery capacity will match domestic consumption needs to safeguard the stability of the petroleum product supply,” he declared.