Vice President Kashim Shettima says the decision by President Bola Tinubu to remove petrol subsidy was aimed at improving Nigeria’s climate change response by reducing fuel consumption and in return, reduce the amount of carbon emissions released into the environment.
“At the onset of this administration, President Bola Tinubu took the bold step to put an end to the petrol subsidy. Preliminary analysis conducted by the National Council on Climate Change on the co-benefits of fuel subsidy removal indicates that there has been about a 30 per cent reduction in daily fuel consumption, amounting to about 20 million litres, equivalent to an estimated daily saving of 42,800 tonnes of carbon dioxide emissions,” Mr Shettima said.
Mr Shettima made this known at the one-day workshop organised by the National Council on Climate Change with the theme, “Unpacking the outcomes of the 58 sessions of the subsidiary bodies of the United Nations framework convention on…