Fuel: FG Has No Plan To Remove Subsidy – Minister - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
October 17, 2019
The Minister of State for Petroleum, Timipre Silva has assured Nigerians that the Federal Government has no immediate plan to remove fuel subsidy.
The Minister made this known while fielding questions from legislators at a joint session of National Assembly Committees overseeing the oil sector.
Silver said that the official daily consumption rate of petrol in Nigeria does not reflect the actual consumption rate. He maintained that government does not believe that Nigerians consume over 60 million litres of fuel daily.
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According to the Minister, there is lot of smugglingand lots of our neighbours are taking advantage of the cheaper price inNigeria.
He said that Nigeria was subsidising for almost half of Africa which was verydifficult to manage.
He added that government was working to close up suchleakages and when achieved, the cost of subsidy would be bearable. He said thatfixing the refineries would also help to reduce the cost of subsidy and thatgovernment was doing lots to get the refineries working again