FG insists on petrol subsidy removal by June

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Abuja, April, 28, 2023 – The Federal Government on Friday insisted that removal of fuel subsidy would still take effect in June 2023.

The Federal Government issued a statement on Friday to clarify its stance on petrol subsidy removal against the backdrop of press reports on Thursday that government had suspended the removal of subsidy.

The statement from the Federal Ministry of Finance, Budget and National Planning, said  that there was “no change in the overall policy direction regarding the petrol subsidy envisaged by June 2023”. 

The statement, signed by Yunusa Tanko Abdullahi, the Special Adviser to the Minister, said “by the principles and letters of the 2023 Appropriation Act and the PIA laws, there is no provision for subsidy after june 2023”.

The statement said that government “has not suspended the removal of fuel subsidy, but has rather expanded the subsidy removal committee to include teams from the incoming administration and the state governors”. 

He said that some members of the incoming government were “brought into the National Economic Council (NEC) meeting so as to consolidate on that decision of fuel subsidy removal”. (GBN)

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