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Subsidy Removal: Nigeria’s Consumption Rate Reduces by 33% – Minister

The Minister of State for Environment, Kunle Salako, mentioned that the bold move taken by Bola Tinubu’s government to remove fuel subsidies has led to a 33 percent decrease in the nation’s fuel consumption.

Salako shared this information with the News Agency of Nigeria (NAN) during the 78th session of the UN General Assembly in New York, emphasizing that this action has also resulted in a reduction in petrol-related emissions.

“The singular action has reduced Nigeria’s consumption of petrol by 33 per cent, reduced the level of emission generated by Nigerians,” he said.

“The courageous decision to remove subsidy from petroleum is furthering climate action by Nigeria,” he added.

“I had highlighted this development in some of the meetings I attended or represented the President and at the meeting of Committee of African Heads of State and Government on Climate Change and at the meeting of Commonwealth Ministers of Environment and Climate,” he said.

“Nigeria participated in the meeting of Committee of African Heads of State and Government on Climate Change where I represented President to pass a resolution to adopt the Nairobi Declaration for final vetting by the meeting of AU.

“The first meeting of Commonwealth Ministers of Environment and Climate in which the Ministers decided to approach the 28th Conference of Parties in Dubai come late November to early December with common front of pushing for better financing for climate action.

“I represented Nigeria at the meeting, and I established that President Bola Ahmed Tinubu by taking the courageous decision to remove subsidy from petroleum is furthering climate action by Nigeria.

“It has also focused the attention of Nigeria at corporate and individual levels to renewable energy,’’ he said.

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