FG Suspends Fuel Subsidy Removal

The Federal Government has suspended plans to remove fuel subsidy.

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.

The minister who spoke to State House Correspondents, 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.

Zainab 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 stated that government needed to have more interface with the Nigeria Labour Congress (NLC), Trade Union Congrey (TUC) and more engagement with the petroleum marketers’ association, among others.