• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Thursday, July 10, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home National

Leaked documents on fiscal policy proposals not official – FG

Nathaniel Irobi by Nathaniel Irobi
June 6, 2024
in National, News
0
One Year Anniversary; How National Productivity Centre Is Aligning with President Tinubu’s Agenda

Leaked documents on fiscal policy proposals not official – FG

0
SHARES
0
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Presidency said that two fiscal policy documents in circulation being given wide coverage by the mainstream media and social media platforms were not official.

Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, said this in a statement in Abuja on Thursday.

RelatedPosts

Supreme Court Confirms Okpebholo’s Election as Governor of Edo State

Presidency Responds to Mustapha: Tinubu’s Role in Buhari’s 2015 Win Undeniable

Senate Takes Decisive Action to Rescue Nigeria’s Power Sector

He said one of the documents titled: “Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024” was being shared as if it was an executive order signed by President Bola Ahmed Tinubu.

According to him, the second one is a 65-page draft document with the title, “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy.”

He explained that a copy of the draft was received by President Tinubu on Tuesday.

“We 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 reviews at the highest level of government. Indeed, one has ‘draft’ clearly written on it,” said Onanuga.

Quoting the Coordinating Minister of the Economy, Mr Wale Edun, he said, “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.

“We assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.”

ALSO READ:  Barr. Odieli Calls For Unity, Understanding, Inclusive Dialogue

According to Edun, emanating from the two documents have been reports second-guessing government’s policy on customs tariffs, fuel subsidy and other economic matters.

“The 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,” Edun stated.

The Coordinating Minister of the Economy further clarified: “As previously stated by government officials, including myself, President Tinubu announced the end of the fuel subsidy programme last year, and this policy remains firmly in place.

“The Federal Government is committed to mitigating the effects of this removal and easing the cost of living pressures on Nigerians.

“Our 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.

“Our commitment to ending unproductive subsidies is steadfast, as is our dedication to supporting our most vulnerable populations.”

He urged the media to always exercise necessary checks and restraints in the use of documents that did not emanate from official channels so that the members of the public would be properly informed, guided and educated on government policies and programmes. (NAN)

Tags: Bayo OnanugaBola Ahmed TinubuDocumentsfiscal policyLeaked
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Supreme Court Confirms Okpebholo’s Election as Governor of Edo State

Supreme Court Confirms Okpebholo’s Election as Governor of Edo State

by Nathaniel Irobi
July 10, 2025
0

ABUJA – The Supreme Court has affirmed the election of Governor Monday Okpebholo from Edo State, dismissing an appeal from...

Tinubu urged to ignore calls for state of emergency in Zamfara

Presidency Responds to Mustapha: Tinubu’s Role in Buhari’s 2015 Win Undeniable

by Nathaniel Irobi
July 10, 2025
0

The Presidency has firmly rejected Boss Mustapha's claims that President Bola Tinubu was not vital to Muhammadu Buhari's 2015 electoral...

Senate shifts resumption to May 6

Senate Takes Decisive Action to Rescue Nigeria’s Power Sector

by Nathaniel Irobi
July 10, 2025
0

In a pivotal session, the Senate convened yesterday to discuss the Electricity Act (Amendment) Bill, 2025, a comprehensive legislative initiative...

Recommended

Rishi Sunak Returns to Goldman Sachs as Senior Adviser After Downing Street Exit

Rishi Sunak Returns to Goldman Sachs as Senior Adviser After Downing Street Exit

1 day ago
APC clears 16 LGAs in Ondo, results of 2 councils pending

Tinubu Nominated as Sole APC Candidate for 2027 by South-South; Diri and Fubara Urged to Switch Parties

4 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (737)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,168)
  • News (8,125)
  • Opinion (296)
  • Politics (1,620)
  • Science (15)
  • Security (405)
  • Sports (437)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform