No decision yet on fuel subsidy - NEC

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NEC says the government is still deliberating on the issue of fuel subsidy.

says it has yet to take a decision on the issue of fuel subsidy removal as deliberations are still ongoing.of Edo fielded questions from State House correspondents after the NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa, Abuja.

“Because as you realise, as it has been told us, the cost of PMS in Nigeria today is about N162 for a litre whereas every other country surrounding Nigeria is selling the product at more than 100 per cent of the cost in Nigeria. “So, for NEC, the argument has been put out; should we continue this regime of spending money that we do not have to subsidise the living standard of mostly those who have vehicles,” he said.

 

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