Why Nigeria Cannot Continue Subsidy From 2022 – Minister
November 24, 2021
3:43 pm
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has revealed that with the Nigerian National Petroleum Company (NNPC) remitting almost zero Naira to the federation, the government can no longer sustain petroleum subsidy cost which currently stands at about ₦250 billion monthly.
Speaking to State House Correspondents on Wednesday shortly after the week’s Federal Executive Council (FEC) meeting which presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja, the Minister insisted that subsidy must be removed by 2022 and replaced with ₦5000-a-month transportation grant to the poorest Nigerians, saying that subsidy was no longer sustainable.
…Ahmed
