FG has not reintroduced fuel subsidy — APC

There had been reports that the Administration spent N169.4 in August to keep the fuel pump price at N620.

While the opposition latched onto the discovery to castigate the Tinubu administration, the APC on Monday night said such humongous payments do not amount to a reintroduction of subsidy.

The ruling party equally chastized Phrank Shaibu, Media Aide to the Presidential Candidate of the Peoples Democratic Party PDP, Alhaji Atiku Abubakar for purveying “fake news” and engaging in “other inanities” just to discredit President Bola Tinubu’s administration.

“Shaibu’s claim that fuel subsidy is back is not correct. Government’s intervention to ensure some measure of price stability and predictability does not amount to return of the ruinous fuel subsidy of recent past”, APC stated.

APC spokesman, Felix Morka in a statement on Monday night said Shaibu “in an unfledged statement…outed himself in his warped and misleading suggestion that the APC-led Administration was hoodwinking Nigerians by propaganda”.

Morka said on Shaibu’s “pathological and cynical flippancy”, he delved into matters he clearly does not understand or lacks the constitutive capacity to understand as a result of post-electoral traumatic stress disorder (PeTSD) arising from his boss’ serial electoral failure.

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“Unsurprisingly, Shaibu’s only ‘evidence’ for such an arrant conclusion is that President Bola Ahmed Tinubu has appointed more media aides than economic and security advisers, conveniently glossing over the fact that Mr. President was swift in rejigging the security architecture and repositioning the Armed Forces for optimal performance in defence of lives and property.

“Certainly, he does not understand the issues and the interplay of statecraft and economic management initiatives by President Tinubu to remove age-old distortions and contradictions, accelerate and solidify all round recovery and prosperity for our country.