Subsidy removal: Spending on petrol may jump 250% to N8tn - News Summed Up

Subsidy removal: Spending on petrol may jump 250% to N8tn


“Maybe the incoming government will have a proper way of stopping fuel subsidy. But last week, it was reported that the Federal Government was proceeding with the planned removal of fuel subsidy by the end of June, contrary to reports that the exit date for the subsidy removal had been put on hold. Operators reactThe debate around subsidy removal also elicited diverse reactions among oil marketers and economic experts. Even if fuel subsidy was going to be temporary, we’ve been doing it for ages till this period. What we say is that issues concerning subsidy removal should be properly addressed.


Source: Punch May 08, 2023 05:58 UTC



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