Home / News From Nigeria / Local News / Fuel Subsidy Will Last Another 18 Months -Timipre Sylva
fuel subsidy

Fuel Subsidy Will Last Another 18 Months -Timipre Sylva

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 be forwarded to the National Assembly.

Minister of State for Petroleum Resources, Timipre 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 to put necessary palliatives in place.

He said already, the rehabilitation of the refineries is ongoing, while the 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 subsidies.

Nigerians had raised an alarm that the proposed removal could lead to the increase in petrol pump prices to about N302 per liter.

Send Money To Nigeria Free

About AbubakarMuhd

x

Check Also

fayemi

Gov. Fayemi Meets Buhari Over 2023 Presidential Race

Fayemi meets Buhari over 2023 presidential race Mr Fayemi also visited APC National Chairman, Abdullahi Adamu, on Tuesday evening, informing him of his intention to seek the ticket of the party.ByPremium Times April 13, 2022 2 min read Governor Kayode Fayemi of Ekiti State has informed President Muhammadu Buhari of his intention to seek the presidential ticket of the All Progressives Congress (APC) ahead of the party’s forthcoming presidential primary, a presidency source has told PREMIUM TIMES. “He (Fayemi) came ...