FG suspends planned petrol subsidy removal

The Federal Government, through the Minister of Finance, Budget and National Planning, Zainab Ahmed, has suspended the planned petrol subsidy removal.

Zainab in a meeting at the National Assembly in Abuja, said the suspension is until further notice.

It was earlier reported that the Minister of State for Petroleum, Timipre Sylva, said the President is not in support of the removal of subsidy from Premium Motor Spirit, popularly known as petrol.

Sylva said this when he appeared on Channels Television’s Newsnight programme.

“I will tell you categorically that at this moment, the complete removal of subsidy is not on our plate at all. The President of the Federal Republic of Nigeria is not in support of removing subsidy at this time, he said