FG Speaks On Petrol Subsidy Removal, Palliatives

FG Speaks On Petrol Subsidy Removal, Palliatives

The Federal Government said yesterday that no decision had been made on how to mitigate the likely effects of the proposed removal of fuel subsidy on citizens.

Clement Agba, Minister of State for Budget and National Planning, told reporters after the Federal Executive Council meeting that despite the fact that a committee led by Vice President Yemi Osinbajo had been working for about a year, nothing definitive had been agreed upon.

He predicted that the committee working with state governors would reach a consensus on the issue soon.

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According to him, there is no timeline for Osinbajo’s committee to conclude the ongoing discussion.

He recalled that a N3.3trn fuel subsidy was proposed in the 2022-2023 Medium-Term Expenditure Framework between January and June 2023.

“For over a year plus now, the Vice President, Yemi Osinbajo has been leading a committee working on this and the National Economic Council also has a committee that has also been working on this.

“So, the stage we’re in now is how to finalise the suggestions that have come out from both the federal government and the governors’ side.

“Like you know, it’s something that is going to affect the entire nation.

“They’ll just have to ensure everyone is carried along, that is both the federal and subnational governments.”

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