BREAKING: Fuel subsidy will last another 18 months - FG

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The federal government has disclosed that the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will

Minister of State for Petroleum Resources, Timipreye Sylva gave this indication on Tuesday while briefing State House Correspondents in Abuja.

According to Sylva, President Muhammadu Buhari being aware of the negative implications of total subsidy removal has graciously approved that the time frame be extended, to allow the government put necessary palliatives in place. He said already, the rehabilitation of refineries are ongoing, while Dangote refinery is almost coming on stream.

DAILY POST recalls that in the last few weeks there has been apprehension over the government’s proposed plans to remove subsidy. Nigerians had raised an alarm that the proposed subsidy removal could hike the petrol pump price to N302 per litre.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Okay...it will resume immediately after 2023 election

Now you see and said well, anything less, would have made your party APC, not to even win a councillorship seat in an APC control States, let alone general elections in 2023.....ona Humanitarian Minister for just bury your party.

Criminals , How can u use 250B monthly as fuel subsidy hmmm, fear evil men

It will last forever until you get sense and fix the Refineries.

Hopefully by the end of 18 month of fuel subsidy,the Nigeria economy would have been revived and the western terrorist sponsors would change their ways and leave Nigeria alone

The suspension of the proposed removal of fuel subsidy is a welcome development. Going forward, the FG should take the bull by the horn and do the needful by taking decisive action on the moribund NNPC refineries. The way forward is to privatize or lease them to core investors.

Why are they extending it? They should have gone ahead to implement it and see how it will throw them out of Aso rock in 2023, an old man that spent 8years in the office but could not solve one problem for his country only to use our money to treat Unkown illness, shame him

Suffer postponed - I just hope in the next 1 year, better plans will be made to avoid after 18 months being hell.

Cowards! Sebi una no de fear!!

2023 on my mind

They want to frustrate the next government

what an inconsistent administration with no final stand

Nawa ooo,what the hell is this country turning too ooo

Sure?

Fit our refinery Befor removal of subsidy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breaking: FG Postpones Fuel Subsidy Removal till Further NoticeSunday Aborisade The Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, said in Abuja on Monday that the Federal Government had postponed the planned removal of subsidy on petro… FG finally make a good suggestion for Fuel Subsidy Enikure Heartless Government, shame on you.
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

NLC reacts as FG suspends fuel subsidy removalThe Nigeria Labour Congress, NLC, has demanded that the federal government should re-engage the organised labour in discussions in order to find mutually Always Reacting
Source: DailyPostNGR - 🏆 11. / 59 Read more »

FG Suspended Fuel Subsidy Removal Because Of 2023 Elections, Says Akpata   President of the Nigerian Bar Association (NBA), Olumide Akpata, says the decision to postpone the removal of fuel subsidy is not far from the forthcoming general elections. He stated this on Monday during his appearance on Channels Television’s Politics Today, hours after the government said it would postpone the removal of fuel subsidy … Continue reading FG Suspended Fuel Subsidy Removal Because Of 2023 Elections, Says Akpata OperationRescueNigeria 🇳🇬 PDPfor2023 And so what..... Sometimes I just laugh at Nigerians. You want something and you got it, why not commend them. Government can’t subsidize everything. Once we have an active refinery the issue of petroleum subsidy will be an history.
Source: channelstv - 🏆 7. / 63 Read more »

FG To Make Additional Provisions For Fuel Subsidy Beyond June – Finance MinisterThe Federal Government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget, Mrs Zainab Ahmed has said. Ahmed, who is the Minister of Finance, Budget, and National Planning, disclosed this on Monday at a meeting with the President of the Senate, Ahmad Lawan, at the National Assembly Complex in … Continue reading FG To Make Additional Provisions For Fuel Subsidy Beyond June – Finance Minister Why Allah ya tsine muku albarka Forth and back
Source: channelstv - 🏆 7. / 63 Read more »

Fuel Subsidy: FG Considering Autogas As Alternative Petrol, Says SylvaThe Federal Government is considering autogas as an alternative to the Premium Motor Spirit, popularly called petrol. Pipe dream. This man have come again. NAZKAMeering
Source: channelstv - 🏆 7. / 63 Read more »

No plan to remove fuel subsidy - FGThe Minister of State for Petroleum, Timipre Sylva, has said President Muhammadu Buhari is not in support of the removal of petrol subsidy. imporsible Supported, please we need to find a lasting solution to our refinery problems, why can't we refine in Nigeria? Some persons are taking advantage of subsidy to exploit the Nation, many times the vessels comes in empty, while FG pays for bringing in nothing
Source: Daily Trust - 🏆 13. / 51 Read more »