Fuel discount is not subsidy – Presidency 

The Special Adviser to President Bola Tinubu connected Information and Strategy, Bayo Onanuga, has explained the quality betwixt a substance borderline discount and a authorities subsidy.

This comes amid contention implicit the Federal Government’s projected 30-day substance discount.

Onanuga made the clarification successful a connection posted connected his X grip connected Friday, explaining the quality betwixt the 2 policies.

The authorities announced 30-day substance discount astatine Nigerian National Petroleum Company Limited, NNPCL, outlets.

In the connection titled “Margin Discount and a Subsidy Are Not the Same,” the statesmanlike adjutant explained that a borderline discount occurs erstwhile a substance retailer reduces oregon temporarily waives its nett borderline to walk the savings connected to consumers.

He said, “The ADC and NDC should cautiously re-read this ministerial brief: Margin Discount and a Subsidy Are Not the Same.

“Every marketer adds a borderline to the terms it pays for the substance it sells. A borderline discount means the retailer chooses to instrumentality a smaller margin, oregon nary ma...