Nigeria Has No Plan To Remove Fuel Subsidy, Finance Minister Insists | Sahara Reporters

Zainab Ahmed, Nigeria’s Minister of Finance, has once again reassured the Niegrisnd that the country has no plan to remove fuel subsidy.

She said: “NNPC is the sole importer of petroleum products, and so when they import it is the cost of business and they deduct that cost before they remit the little money to the federation account. So that is completely different. Ahmed pointed out that the problem plaguing the country is the inability to generate revenue to drive the economy.

Who is subsidizing who? Subsidy is a fraud. Whoever tell you he is subsidizing anything is a fraud - Buhari Buhari says he is subsidizing, therefore Buhari is a fraud ko?

Na so dem go dey yan, until we go wake-up one day and, e don shele!...😔

This one wey dem don dey over flog this matter next, e go do us voom for eyes!

The one they removed, what have they utilised, how have they account for it. Even if they remove it, some idiots, mumu will still be clapping.

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Subsidy removal: We're yet to find formula that works ― Finance Minister - Vanguard NewsHajia Zainab Ahmed, on Wednesday said that Nigeria has not found a formula that works, hence, it would not contemplate exiting from the subsidy regime. vanguardngr Remove subsidy at once, deregulate the market, pay living wage. Tax fuel consumption abd use the proceed to provide infrastructure like electricity and roads! vanguardngr Ghana sells fuel N 300 / litre pay minimum wage about 60,000 vanguardngr U'd never see a formula dat works cos ur team is an assemblage of dullards.GEJ's team had it all figured out bt d zombie occupying ASO Rock & d likes of T Bakare frustrated it.PMB said subsidy was a fraud bt now funds it with trillions without budgetary allocation.Ridiculous!
Source: vanguardngrnews - 🏆 5. / 75 Read more »