Black Market Sellers waiting for Customers along Aba Road in Port Harcourt weekend. Photo: Nwankpa Chijioke FILE
The Minister stated this when she briefed State House correspondents after the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.According to her, “We have not been able to develop an effective formula that will replace the current subsidy regime.‘As you know what works in Ghana and other countries, may not work here.
The Minister also explained the difference between under recovery and subsidy, stressing that under subsidy regime, money was paid directly to Independent Petroleum Marketers for the importation of fuels, while on under recovery, the Nigeria National Petroleum Corporation, is the sole importer of petroleum products.
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!
vanguardngr Ghana sells fuel N 300 / litre pay minimum wage about 60,000
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!
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FG to look into gradual removal of fuel subsidy, says Finance Minister - Vanguard NewsThere are credible indications that Pan Ocean Oil Corporation (Pan Ocean) remains operator of OML 98 Joint Venture, contrary to previous information regarding revocation of seven licences including OML 98. vanguardngr Story story.... na today vanguardngr Fuel price doubled, Buhari is still talking subsidy. Buhari is fraud. vanguardngr O ye idiots, fuel subsidy is a scam. Which subsidy una wan remove after MBuhari has long said there's no such thing as fuel subsidy. So all Nigerians are brainless Abi?
Källa: vanguardngrnews - 🏆 5. / 75 Läs mer »
Finance Minister okays IMF advice on subsidy removalThe Minister of Finance, Mrs Zainab Ahmed says the Federal Government will look into gradual removal of fuel subsidy as part of strategies to boost revenue. We need to stop deceiving ourselves. Fuel subsidy is not sustainable. The earlier we start phasing it out, the better it's for us. However, there should be well thought out plan, as well as accountability on how savings on subsidy will be spent/invested. 25% each to HCI, TAM... Removal of fuel subsidy is over due unless we want to continue decieving ourselves because it can not be sustained and it has no positive impact on the masses. It was just an avenue created for some people to siphon money. No wonder why there is fuel hoarding/scarcity already! Wemen
Källa: TheNationNews - 🏆 6. / 69 Läs mer »
We can’t remove fuel subsidy overnight – Finance Minister – Daily TrustNigeria’s Minister of Finance, Mrs. Zainab Ahmed, has agreed to a cautious fuel subsidy removal amidst International Monetary Fund (IMF) recommendation that Nigeria should remove oil subsidies, saying it cannot be removed overnight. The IMF had recommended that Nigeria cut out fuel subsidies to free resources to build infrastructure and support human capital development.ADVERTISEMENT Speaking … Confused people. Liars Its means they are planning to removing it. Ta Allah ba taku ba!! Please bring out a timed phase out of subsidy removal for a duration of 12 months.Enlighten the citizens,provide workable social intervention programs Not SURE-P. Nigerians will support you.We are Tired of Subsidy Topic every year.MBuhari NGRPresident FMPWH and RotimiAmaechi
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No plan to remove fuel subsidy now —Finance ministerIt'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.. This woman should learn how to address policy issues. She doesn't know how to talk. Hon. Minister your statement was not straight.
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