The National Economic Council (NEC) has asked Nigerians to wait till June for a decision to be reached on the removal of fuel subsidy.
Nasarawa State Governor, Abdullahi Sule, said this while briefing the
press at the end of the first NEC meeting for 2022 held in Abuja on
Thursday.
Governor Godwin Obaseki of Edo State, who also spoke after the
meeting, noted that N2.1 trillion was spent last year on fuel subsidy
payments. The payments, he said, could have been used to fund other
development efforts.
The NEC meeting was chaired by Vice President Yemi Osinbajo and
attended physically by state governors, government officials as well as
officials of the World Bank.
Also on the agenda was the launch of the Nigeria COVID-19 Action
Recovery and Economic Stimulus programme (NGCARES).
