THE Federal Government is contemplating the replacement of fuel subsidy with a monthly N5,000 fuel grant to the nation’s most vulnerable citizens. The gesture will span between six months and one year even as the government contemplates ending fuel subsidy mid-2022. The minister said the final number of beneficiaries will depend on the resources available after the removal of the fuel subsidy. This means the government would spend between N1.8 trillion and N2.4 trillion on fuel grant in one year. “Transport subsidy that would be given directly to individuals.

Source: Nigerian Tribune November 24, 2021 15:13 UTC