FG To Rid Petrol Subsidy Before May 29, Says Delay Due To Election, Census

[Jared]

Ahmed: FG to Abolish Petrol Subsidy Before May 29, Attributes Delay to 2023 Elections, Census

•Urges incoming administration to raise VAT to 10%

•Ghana phases out petrol subsidy

•FG: We are yet to harmonise position on palliatives after subsidy removal

•Approves Nigeria Agenda 2050

•Population census now to hold in May

Deji Elumoye, Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government would remove the controversial petrol subsidy before the end of President Muhammadu Buhari’s tenure on May 29, 2023.

Ahmed attributed the delay in removal of the subsidy, as provided for in the Petroleum Industry Act (PIA) 2021, to the 2023 general election and the forthcoming national population census.

The minister, according to the Voice of Nigeria (VON), spoke during a courtesy visit to the headquarters of VON in Abuja.

But the federal government, yesterday, disclosed that no conclusion had been reached on how to mitigate the effect of the proposed fuel subsidy removal on the citizens.

Relatedly, it emerged yesterday that the Ghana National Petroleum Authority (NPA) had removed fuel subsidy in the country.

The Nigerian government, yesterday, postponed the 2023 population and housing census, earlier scheduled for end of this month, to May, and approved Nigeria’s Agenda 2050, which aims to make the country a high income economy.

Full details at source: https://www.thisdaylive.com/index.php/2 ... ns-census/

[B7]

[Ernest]

Thanks for the update