The Federal Government under President Muhammadu Buhari has suspended plans to remove fuel subsidy by June this year.
Minister of Finance, Budget and National
Planning, Ahmed Zaniab gave the indication on Thursday, April 27, 2023, shortly
after the National Economic Council, NEC, meeting, chaired by Vice President,
Yemi Osinbajo.
She said the NEC, which comprises State
Governors deliberated on the issue extensively and came to the conclusion that
it will not be wise to remove subsidy as soon as the new administration is
trying to settle down to governance.
She also noted that the existing committee
that has been discussing the fuel subsidy issue needed to be expanded to enable
more input from concerned Nigerians.
She specifically said there needed to be more
interface with the Nigeria Labour Congress, NLC, and more engagement with the
petroleum marketers’ association, among others.
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