Fuel subsidy will last another 18 months – FG

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The federal government has disclosed that the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly.

Minister of State for Petroleum Resources, Timipre Sylva gave this indication on Tuesday while briefing State House Correspondents in Abuja.

According to Sylva, President Muhammadu Buhari being aware of the negative implications of total subsidy removal has graciously approved that the time frame be extended, to allow the government put necessary palliatives in place.

He said already, the rehabilitation of refineries are ongoing, while Dangote refinery issue almost coming on stream.

9NewsNigeria recalls that in the last few weeks there has been apprehension over the government’s proposed plans to remove subsidy.

Nigerians had raised an alarm that the proposed subsidy removal could hike the petrol pump price to N302 per litre.

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About Emmanuel Afolabi 266 Articles
Emmanuel Oluwatomisin Afolabi (EOA) is a reporter with 9News Nigeria. A young and dynamic minister and lover of the Gospel of Jesus Christ. He served as the Editor & Production Manager of the Voice Magazine. He obtained his National Diploma from the department of Mass communication, Ogun State Institute Of Technology, IGBESA (OGITECH), and studied Journalism and Media Studies at Alison (Online Course) HND in View. He is a Political Analyst and the Keynote Speaker - Let's Talk Politics. He is happily blessed with his parent, Revd &Pst Mrs Daniel Afolabi and his younger ones, Timileyin & Mary Afolabi. Phone number: 08131194469 Instagram & Facebook - Emmanuel Oluwatomisin Afolabi Email: afolabiemmanuel27@gmail.com

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