The Federal Government 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, shortly after the National Economic
Council, NEC, meeting, chaired by the 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.
Add Comment