States Get Double their Normal Allocations After Subsidy Removal


Gbenga Daniel, a former governor of Ogun state, who is now the senator representing Ogun East district, has said that the monthly allocations to states in June 2023, “almost doubled” following the removal of fuel subsidy by President Bola Tinubu.

States got double their normal allocations after subsidy removal: Daniel By

Mr Daniel, who was speaking on the assessment of the government of Mr Tinubu, who had now spent 30 days in office, agreed that the subsidy removal has its own implications.

“I was informed that the allocation that went to the states this month is nearly double of what was a month ago,” Senator Daniel said while appearing as a guest on TVC on Thursday. “Although, the bold decision that was taken to withdraw (removed)

Nonetheless, the 2023 budget only has a provision for fuel subsidy till June

For years, the Nigerian government has subsidised fuel and fixed retail prices of petroleum products although the payment has threatened the nation’s fiscal position and impacted the government’s ability to fund developmental projects.

Speaking further, Mr Daniel explained that the removal of the fuel subsidy has its downturn but efforts are being made to provide palliative measures to cushion the effect.

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