Subsidy Is Gone, Leaked Documents Are Not Official – FG

The Presidency has come out to say that the two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu.

FG recently revealed that there is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed, and Nigerians have been reacting.

According to the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the two documents are not official and still subject to reviews at the highest level of government, so citizens should get that fact straight.

He added that members of the public should disregard both documents and cease further discussions on them.

His words, “The 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.

One 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.

The other 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. President Tinubu received a copy of the draft 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 review at the highest level of government. Indeed, one has a ‘draft’ clearly written on it.

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.”