{"id":127014,"date":"2024-08-06T12:10:00","date_gmt":"2024-08-06T11:10:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fuel-subsidy-back-in-nigeria-obasanjo"},"modified":"2024-08-06T13:32:57","modified_gmt":"2024-08-06T12:32:57","slug":"fuel-subsidy-back-in-nigeria-obasanjo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo","title":{"rendered":"Fuel subsidy back in Nigeria \u2013 Obasanjo"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Tinubu\u2019s administration has come back due to inflation.<\/p>\n<p>Obasanjo disclosed this in a recent interview with the Financial Times.<\/p>\n<p>He faulted how Tinubu\u2019s administration removed fuel subsidies.<\/p>\n<p>According to him, the government should have put measures in place before the fuel subsidy removal.<\/p>\n<p>\u201cThere\u2019s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy.<\/p>\n<p>\u201cBecause of inflation, the subsidy that we have removed is not gone. It has come back,\u201d the former President stressed.<\/p>\n<p>He said there must be investor confidence in Nigeria.<\/p>\n<p>\u201cYou have to go from transactional economy to transformational economy\u201d, he added.<\/p>\n<p>His remark comes amid the ongoing hunger protests in Nigeria.<\/p>\n<p>The protests, which commenced on Thursday, entered day 5 on Monday with a major demand for the return of the fuel subsidy regime.<\/p>\n<p>However, President Tinubu in his Sunday broadcast while appealing to protesters to suspend demonstrations, said his administration\u2019s decision to remove fuel subsidy is painful but necessary as it constituted a noose around the economic \u201cjugular of our Nation and impeded our economic development and progress.\u201d<\/p>\n<p>Core inflation increased to an all-time high of 34.19 percent and 40.87 percent in June 2024, according to the National Bureau of Statistics.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Tinubu\u2019s administration has come back due to inflation. Obasanjo disclosed this in a recent interview with the Financial Times. He faulted how Tinubu\u2019s administration removed fuel subsidies. According to him, the government should [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":127013,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[565,254,479],"class_list":["post-127014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-fuel-subsidy","tag-nigeria","tag-obasanjo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fuel subsidy back in Nigeria \u2013 Obasanjo - Nigeria<\/title>\n<meta name=\"description\" content=\"Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Ti ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel subsidy back in Nigeria \u2013 Obasanjo\" \/>\n<meta property=\"og:description\" content=\"Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Ti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T11:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T12:32:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"718\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fuel subsidy back in Nigeria \u2013 Obasanjo\",\"datePublished\":\"2024-08-06T11:10:00+00:00\",\"dateModified\":\"2024-08-06T12:32:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\"},\"wordCount\":243,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg\",\"keywords\":[\"fuel subsidy\",\"Nigeria\",\"Obasanjo\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\",\"name\":\"Fuel subsidy back in Nigeria \u2013 Obasanjo - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg\",\"datePublished\":\"2024-08-06T11:10:00+00:00\",\"dateModified\":\"2024-08-06T12:32:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Ti ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg\",\"width\":1050,\"height\":718,\"caption\":\"Fuel subsidy back in Nigeria \u2013 Obasanjo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fuel subsidy back in Nigeria \u2013 Obasanjo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fuel subsidy back in Nigeria \u2013 Obasanjo - Nigeria","description":"Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Ti ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo","og_locale":"en_US","og_type":"article","og_title":"Fuel subsidy back in Nigeria \u2013 Obasanjo","og_description":"Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Ti ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo","og_site_name":"Nigeria","article_published_time":"2024-08-06T11:10:00+00:00","article_modified_time":"2024-08-06T12:32:57+00:00","og_image":[{"width":1050,"height":718,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Fuel subsidy back in Nigeria \u2013 Obasanjo","datePublished":"2024-08-06T11:10:00+00:00","dateModified":"2024-08-06T12:32:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo"},"wordCount":243,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg","keywords":["fuel subsidy","Nigeria","Obasanjo"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo","name":"Fuel subsidy back in Nigeria \u2013 Obasanjo - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg","datePublished":"2024-08-06T11:10:00+00:00","dateModified":"2024-08-06T12:32:57+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Former President of Nigeria, Chief Olusegun Obasanjo has said the fuel subsidy removed in June 2023 by President Bola Ti ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931332.398963.jpg","width":1050,"height":718,"caption":"Fuel subsidy back in Nigeria \u2013 Obasanjo"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-subsidy-back-in-nigeria-obasanjo#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Fuel subsidy back in Nigeria \u2013 Obasanjo"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/127014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=127014"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/127014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/127013"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=127014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=127014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=127014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}