spot_img
spot_imgspot_img
October 27, 2025 - 7:22 PM

BREAKING: Federal Government Suspends Subsidy Removal

The National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
She explained that the removal of the subsidy will likely take effect in June because the Petroleum Industry Act, PIA and the 2023 budget provided subsidy till June, hence any delay may require the amendment of the PIA and the budget provision.
She, however, said that there was no deadline given for the subsidy removal and that the incoming administration will take decision on when possible to do that.
More details later…
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Share post:

Subscribe

Latest News

More like this
Related

CNPP, 75 CSOs Commend Tinubu for Sacking Service Chiefs, Demand Probe of Tenure

The Conference of Nigeria Political Parties (CNPP) and over...

Seismic Shifts and Power Contestation Between Nigerians and Government

Aliko Dangote has become the first African-born billionaire to...

15 Rescued, Others Feared Trapped as Lagos Building Collapses Overnight

Panic gripped residents of Oyingbo, Lagos, in the early...

Lamido Battles PDP Leadership Over Chairmanship Form

Tension is rising in the Peoples Democratic Party (PDP)...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x