She made the announcement in the Council Chambers of the Presidential Villa in Abuja, on Thursday as she noted that the National Economic Council had decided that the fuel subsidy should “not be removed” as originally anticipated for June 2023.
The removal of the fuel subsidy has been postponed, according to Zainab Ahmed, Nigeria’s minister of finance, budget, and national planning.
“Council agreed that the fuel subsidy must be removed earlier rather than later because it is not sustainable. We cannot afford it anymore, but we have to do it in such a way that the impact of the subsidy is as much as possible, mitigated on the lives of ordinary Nigerians,” she added.
