8.4 C
New York
Wednesday, April 24, 2024

FG suspends plan to removal of fuel subsidy

Published:

LATEST NEWS

- Advertisement -

BY SULE TAHIR.

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 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.

READ ALSO  Police Arrests Rivers Lawmaker, Fubara Loyalist In Abuja, As Pro Wike LG Chairman Is Fingered

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.

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

Of The Week
CARTOON

TOP STORIES

- Advertisement -

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.