No plan to remove fuel subsidy now —Finance minister

Zainab Ahmed, said this on Sunday at the briefing by the Nigerian delegation on the outcome of their meetings with investors and institutions at the IMF/World Bank meetings in Washington DC.

“In principle, It’s a good suggestion, but in Nigeria we don’t have any plans to remove fuel subsidy at this time because we have not yet designed buffers that will enable us remove the subsidy and provide cushions for our people.“We will be working with various groups to find an alternative if we have to remove it. We are not yet at the point of removing fuel subsidy yet,” she said.

“In my capacity as representative of 23 African countries, I addressed the IMFC and issued a statement calling for normalisation of trade relations among the contending parties and called for concerted efforts to supporting multilaterism and avoid protectionist sentiments. Also, the Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said he had discussions with investors and development partners on potential investment opportunities in the country.

Also, the Governor, Central Bank of Nigeria , Mr Godwin Emefiele, spoke about his meeting with Queen Maxima of the Netherlands who is the UN Secretary-General Special Advocate on financial inclusion.

Shame! Oil producer still buying refined product. Grow up Nigeria

How is the common Nigerian benefiting from the fuel subsidy?

Why do u talk about subsidy

When?

Which subsidy again madam minister? You people told us that there's no more subsidy that why we are buying fuel at 145 naira now. Or is it the next level gift?

What is the name of the one they removed back then that made a litre of petrol to be 143 from 87? That one na sub?

With much smoke, the rabbit will come out of its hole. Just in a bit.

Hon. Minister your statement was not straight.

This woman should learn how to address policy issues. She doesn't know how to talk.

It's only a brainless man will believe this guys... They are bunch of liers.. Nigeria will witness something soon. And we will get sense by force..

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