{"id":112448,"date":"2024-06-06T20:03:18","date_gmt":"2024-06-06T19:03:18","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=112448"},"modified":"2024-06-06T20:03:18","modified_gmt":"2024-06-06T19:03:18","slug":"presidency-insists-subsidy-gone-says-leaked-documents-unofficial","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/","title":{"rendered":"Presidency insists subsidy gone, says leaked documents unofficial"},"content":{"rendered":"
\n
The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu.<\/div>\n
\n
\n
\nIt also reiterated that the fuel subsidy regime has ended, and the government\u2019s position on fuel subsidy has not changed since President Tinubu\u2019s declaration on 29 May 2023.<\/p>\n

The presidency also added that there is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed.<\/p>\n

Pointblanknews.com reports that the documents, titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 and Accelerated Stabilisation and Advancement Plan (ASAP) surfaced on the internet on Tuesday following the meeting between the Minister of Finance, Wale Edun and President Tinubu at the State House in Abuja.<\/p>\n

The first policy proposal aims to reduce inflation and stabilise prices, while the second policy aims to fast-track economic recovery and provide succour to Nigerians as possible.<\/p>\n

In a statement on Thursday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the two documents are not official and still subject to reviews at the highest level of government.<\/p>\n

The statement reads: \u201cThe attention of the Presidency has been drawn to two fiscal policy documents in circulation that are being given wide coverage by the mainstream media and social media platforms.<\/p>\n

\u201cOne of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.<\/p>\n

\u201cThe other is a 65-page draft document with the title \u201cAccelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday.<\/p>\n

\u201cWe urge the public and the media to disregard the two documents and cease further discussions on them. None is an approved official document of the Federal Government of Nigeria. They are all policy proposals that are still subject to review at the highest level of government. Indeed, one has a \u2018draft\u2019 clearly written on it.<\/p>\n

\u201cAccording to the Coordinating Minister of the Economy, Mr. Wale Edun, \u201cIt is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.<\/p>\n

\u201cWe assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.\u201d<\/p>\n

The presidential aide also asked the public and media to stop second-guessing the government\u2019s policy on customs tariffs, fuel subsidies and other economic matters.<\/p>\n

Onanuga, therefore, called on the media to always confirm documents that do not emanate from official channels so that the members of the public are properly informed on government policies and programmes.<\/p>\n

The statement added: \u201cEmanating from the two documents have been reports second-guessing government\u2019s policy on customs tariffs, fuel subsidy and other economic matters.<\/p>\n

\u201cThe government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023. The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed,\u201d Edun stated.<\/p>\n

\u201cThe Coordinating Minister of the Economy further clarified: \u201cAs previously stated by government officials, including myself, President Tinubu announced the end of the fuel subsidy program last year, and this policy remains firmly in place.<\/p>\n

\u201cThe Federal Government is committed to mitigating the effects of this removal and easing the cost of living pressures on Nigerians.<\/p>\n

\u201cOur strategy focuses on addressing key factors such as food inflation, which is significantly impacted by transport costs. With the implementation of our CNG initiative, which aims to displace high PMS and AGO costs, we expect to further reduce these costs.<\/p>\n

\u201cOur commitment to ending unproductive subsidies is steadfast, as is our dedication to supporting our most vulnerable populations\u201d.<\/p>\n

\u201cWe call on the media to always exercise necessary checks and restraints in the use of documents that do not emanate from official channels so that the members of the public are properly informed, guided and educated on government policies and\u00a0programmes.\u201d<\/p><\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu. It also reiterated that the fuel subsidy…<\/p>\n","protected":false},"author":1,"featured_media":110757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-112448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\nPresidency insists subsidy gone, says leaked documents unofficial - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Presidency insists subsidy gone, says leaked documents unofficial - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu. It also reiterated that the fuel subsidy…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-06T19:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"697\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Presidency insists subsidy gone, says leaked documents unofficial\",\"datePublished\":\"2024-06-06T19:03:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\"},\"wordCount\":685,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp\",\"articleSection\":[\"Exclusive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\",\"name\":\"Presidency insists subsidy gone, says leaked documents unofficial - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp\",\"datePublished\":\"2024-06-06T19:03:18+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp\",\"width\":1280,\"height\":697},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Presidency insists subsidy gone, says leaked documents unofficial\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Presidency insists subsidy gone, says leaked documents unofficial - Pointblank News","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:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/","og_locale":"en_US","og_type":"article","og_title":"Presidency insists subsidy gone, says leaked documents unofficial - Pointblank News","og_description":"The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu. It also reiterated that the fuel subsidy…","og_url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/","og_site_name":"Pointblank News","article_published_time":"2024-06-06T19:03:18+00:00","og_image":[{"width":1280,"height":697,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp","type":"image\/webp"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Presidency insists subsidy gone, says leaked documents unofficial","datePublished":"2024-06-06T19:03:18+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/"},"wordCount":685,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp","articleSection":["Exclusive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/","url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/","name":"Presidency insists subsidy gone, says leaked documents unofficial - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp","datePublished":"2024-06-06T19:03:18+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Tinubu-ECOWAS.webp","width":1280,"height":697},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/presidency-insists-subsidy-gone-says-leaked-documents-unofficial\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Presidency insists subsidy gone, says leaked documents unofficial"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/112448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=112448"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/112448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/110757"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=112448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=112448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=112448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}