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Business & EconomyNews

Federal Government Suspends Fuel Subsidy Removal

written by olarotimi April 28, 2023
Federal Government Suspends Fuel Subsidy Removal

The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the Presidential Villa, Abuja.

Ahmed said the Council agreed on the need for continued discussions on the issue adding that the Federal Government, together with states and representatives of the incoming administration require more preparatory work. 

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