By Louis Achi
Nigeria’s federal government has suspended its earlier plans to remove fuel subsidy by June this year which would have put its successor administration in a quandary.
This position was revealed by the country’s Minister of Finance, Budget and National Planning, Ahmed Zaniab on Thursday.
Zaniab stated this shortly after the National Economic Council, NEC, meeting chaired by Vice President Yemi Osinbajo.
She noted also that 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.
Zaniab also said that the existing committee that has been discussing the fuel subsidy issue needed to be expanded to enable more input from concerned Nigerians.
She specifically said there is need for more interface with the Nigeria Labour Congress, NLC, and more engagement with the petroleum marketers’ association, among others.
