Nigeria minister: 'wrong time' to remove fuel subsidies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Now is the wrong time to remove Nigeria’s costly fuel subsidy, Information Minister Lai Mohammed said on Monday, noting many other nations were introducing measures to help citizens cope with high oil energy prices.

A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020.A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020.

Nigeria suffers intermittent fuel shortages. It has raised its deficit forecast twice this year and increased borrowing to cover the cost of the subsidy. Alongside attacks on oil infrastructure, much of Nigeria’s north is wracked by violence committed by so-called “bandits”, while dozens were killed in church attacks in the northern state of Kaduna and the southwestern state of Ondo last month.

 

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