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FG insists on exit of subsidy regime in June

The  Federal Government has insisted that the payment for fuel subsidy will come to an end in June, 2023.

A statement from the Federal Ministry of Finance, Budget and National Planning gave a clarification on recent report the Federal Government had shifted the exit date for fuel subsidy payment.

A statement from the Federal Ministry of Finance Budget and National Planning stated that there has been “no change in the overall policy direction regarding the petrol subsidy envisaged by June 2023”.

The Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning, Yunusa Tanko Abdullahi, said that “by the principles and letters of the 2023 Appropriation Act and the PIA laws, there is no provision for subsidy after june 2023”.

In a statement he signed, Abdullahi stated that government “has not suspended the removal of fuel subsidy, but has rather expanded the subsidy removal committee to include teams from the incoming administration and the state governors”.

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