The Minister of Finance Zainab Ahmed says the Federal Government is looking into ways for gradual removal of fuel subsidy as part of strategy to boost revenue.
Ahmed said this on the sideline of the IMF/World Bank meetings currently taking place in Washington DC, United States of America. He made the known while reacting to the IMF’s advice to Nigeria and other countries who still subsidise fossil fuel to stop doing so.
According to the IMF, fuel subsidy removal would help boost revenue and improve government’s spending to build more hospitals, roads, schools, and to support education and health for the people.
The minister said that since the IMF/World Bank meetings started, she has had high-level meetings on taxation and discussions on global economy.