Fuel subsidy to end in 2023 - Finance minister

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The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023.

“We also have to educate them about the opportunity cost of what we are unable to do because of the fuel subsidy,” she said.

According to the minister, the fuel subsidy, in addition to budget deficit, is putting enormous pressure on the “fiscals”.“Some countries introduced subsidy during the COVID-19, and because of the Russia-Ukraine conflict, but they are using their money to fund such subsidy. “In our case, we are borrowing to pay the subsidy; that is double jeopardy. It is something that has to stop

“We are glad that majority of people in decision-making positions, including the political parties, have agreed that subsidy is not sustainable. ”The plan is, by June 2023, we must have completely exited subsidy, and it has to be a gradual process,” she said.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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Government of looters..

OfficialAPCNg bad government from top to bottom.. God will judge you

After you have been kicked out of the seat

Shifting what Buhari called fraud for another regime to tackle, Buhari is the greatest scammer of all time in Nigeria history.

I never witness a single day this woman say something good.

You'll not be in power again, u go don run away wit d 1 wey u follow thief

Hahhhhahahh

2023 is the best year for the monster to get going, May Nigeria succeed 🙏🏽

Ndị oshi

These people again

Alkhairi ko mugunta da kuka shuka a kasa sai ya koma maku insha Allah

Lol! Ok… how do I get this tweet to remind me Nov 2023

Why not now? You want to leave the cross for another Government

When you don comot for office. Olodo. Continue fooling yourself. The time for reckoning would soon be upon all the corrupt leaders. Then we shall begin to throw all your lies and wicked practises at your face. Shame on all bad leaders.May your generations suffer for ur wickednes

After una don chop belle full thieves

Yor government go survive am. Dey prepare o.

Under anoda govt akwa ya Criminals

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