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Fuel subsidy will only last for 18 months, FG says

The General News by The General News
January 25, 2022
Reading Time: 1 min read
0
Fuel subsidy will only last for 18 months, FG says

The Federal Government said the suspension on the removal of fuel subsidy would last for 18 months.

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It said the subsidy on the fuel would remain pending an amendment in the Petroleum Industry Act will be forwarded to the National Assembly.

Minister of State for Petroleum Resources, Timipre Sylva hinted at this while speaking to State House Correspondents in Abuja on Tuesday.

Dr Belel and the NNPP logo

According to him, President Muhammadu Buhari approved the extension in the subsidy removal to allow the government put necessary palliatives in place.

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He added that, the rehabilitation of the refineries are ongoing, while Dangote refinery is almost coming on stream.

Recall that FG made a U-turn on removal of subsidy of petrol after Nigerians at different levels raised alarms.

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The General News

The General News

TGnews is a tripod of (The General) News,articles, Journals, opinion and adverts to millions of people accessing the internet. Serving the common interest not personal or sectarian or Religion interest that are in conflict with the national goals and aspirations of building a united ,peaceful and progressive Nigeria and the World at Large.

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