{"id":58109,"date":"2022-01-24T18:01:32","date_gmt":"2022-01-24T17:01:32","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt"},"modified":"2022-01-24T18:51:50","modified_gmt":"2022-01-24T17:51:50","slug":"there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt","title":{"rendered":"There won\u2019t be fuel subsidy removal anytime soon \u2013 Nigerian govt"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Federal government on Monday said there won\u2019t be any removal of fuel subsidy anytime soon as a result of perceived difficulties associated with it.<\/p>\n<p>Minister of Finance, Hajia Zainab Ahmed stated this at an interactive meeting with the Senate President, Dr Ahmad Ibrahim Lawan and other principal officers of the Senate.<\/p>\n<p>The Minister said, the Federal government was initially looking at the removal of fuel subsidy from July this year, after which they made provisions in the 2022 budget to cushion the effect but noted that the timing has become a huge challenge.<\/p>\n<p>The Finance Minister\u2019s disclosure was at the backdrop of concerns raised by the Senate President who pointed out that there should be caution in the event of subsidy removal so as not to deepen the economic hardships of Nigerians.<\/p>\n<p>Lawan said he visited President Muhammadu Buhari over plans to remove fuel subsidy and so many factors were taken into consideration but with a view to ensuring that the citizens are not at the receiving end.<\/p>\n<p>In her further reaction, the Minister of Finance said her ministry consulted widely and discovered that the federal government cannot go ahead with the removal plans until some steps are taken to protect the interest of Nigerians.<\/p>\n<p>She said: \u201cLet me start by stating that we did make a provision in 2022 budget and which means that there will be fuel subsidy from July.<\/p>\n<p>\u201cAfter consultations with various stakeholders, it became apparent that the timing became a big problem and Mr President didn\u2019t want that. We are looking at various means either putting our four refineries in order and allowing Dangote Refinery to come on stream.<\/p>\n<p>\u201cIt means that we shall submit supplementary budget from July going forward.\u201d<\/p>\n<p>The Senate President had earlier said the country was confronted with the fuel subsidy liabilities but cautioned that the timing of its removal was inappropriate.<\/p>\n<p>He called for the cooperation of stakeholders in the Petroleum industry to cooperate with the government on any step that would be taken, should there be a need to remove fuel subsidy or not, insisting that there was no confusion in government circles.<\/p>\n<p>He also appealed to the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), to shelve their planned protest noting that any step taken by the FG with regards to fuel subsidy would be in the interest of the country.<\/p>\n<p>Lawan said: \u201cAdmittedly the burden of subsidy is huge and massive and there is a need to do away with it. It needs the cooperation of all of us. Even though the economy is slowing.<\/p>\n<p>\u201cThe issue of removal of subsidy should be done with utmost care and the timing should be such the impact would not deepen our woes and Mr. President needs the cooperation of all of us.<\/p>\n<p>\u201cThe Minister of Finance is here because she is the one that will provide the money and we must find suitable time and means of getting the issue of removing fuel subsidy finally.<\/p>\n<p>\u201cIf we are saying this is not the appropriate time, it should be agreed by all of us so that there won\u2019t be confusion anywhere.<\/p>\n<p>\u201cI appeal to NLC, TUC to shelve the idea of mass protest. It is unnecessary because the removal of fuel subsidy is a necessity.\u201d<\/p>\n<p>In attendance at the meeting were President of the Senate, Dr Ahmad Ibrahim Lawan, Group Managing Director of the Nigeria National Petroleum Limited, Mr. Mele Kyari, Minister of Finance, Hajia Zainab Ahmed, Minister of State for Petroleum Resources, Timipreye Sylva and Chief Executive officers of Petroleum Downstream and Upstream sectors.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Federal government on Monday said there won\u2019t be any removal of fuel subsidy anytime soon as a result of perceived difficulties associated with it. Minister of Finance, Hajia Zainab Ahmed stated this at an interactive meeting with the Senate President, Dr Ahmad Ibrahim Lawan and other principal officers of the Senate. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":58108,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,26],"tags":[1570,2140,1578,772,254],"class_list":["post-58109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-breaking","tag-fuel","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>There won\u2019t be fuel subsidy removal anytime soon \u2013 Nigerian govt - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal government on Monday said there won\u2019t be any removal of fuel subsidy anytime soon as a result of perceived d ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There won\u2019t be fuel subsidy removal anytime soon \u2013 Nigerian govt\" \/>\n<meta property=\"og:description\" content=\"The Federal government on Monday said there won\u2019t be any removal of fuel subsidy anytime soon as a result of perceived d ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-24T17:01:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-24T17:51:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/01\/img-61eee7157211e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"There won\u2019t be fuel subsidy removal anytime soon \u2013 Nigerian govt\",\"datePublished\":\"2022-01-24T17:01:32+00:00\",\"dateModified\":\"2022-01-24T17:51:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt\"},\"wordCount\":623,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/01\/img-61eee7157211e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"breaking\",\"fuel\",\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/there-wont-be-fuel-subsidy-removal-anytime-soon-nigerian-govt\",\"name\":\"There won\u2019t be fuel subsidy removal anytime soon \u2013 Nigerian govt - 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