The National Economic Council, NEC is yet to take a decision on petrol subsidy removal as deliberations are still ongoing.
Governor Godwin Obaseki of Edo state gave the hint while answering questions from State House correspondents after the NEC meeting presided over by Vice President Yemi Osinbajo in Abuja. He added that the council has been deliberating on the issue of fuel subsidy for more than a year.
Obaseki also explained that when NEC looked at some of the analysis last year, it realised that less than one-third of the states of the country consumed two-third of the subsidy. According to the Governor, the issue of equity also comes up.
On his part, Governor Abdullahi Sule of Nasarawa State said Nigerians ought to know about the Petroleum Industry Act, PIA as the Who owns Nigerian National Petroleum Corporation, NNPC had become a limited liability company. According to him, the Corporation will run differently henceforth.
It would be recalled that an ad-hoc committee was set up by NEC and headed by Governor Nasir El-Rufai that included members of the executive arm of government and worked on recommendations as to what we should do about the cost of fuel locally.
