FG to end fuel subsidy in 2023 – Finance minister


By Fatima Kabir

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has reaffirmed the Federal Government commitment to do away with petroleum subsidy by June 2023.

Ahmed during a press conference to mark the end of the 28th National Economic Summit on Tuesday in Abuja said the removal of fuel subsidy is part of the FG’s medium-term plan in the budget.

She, however, said that the challenge was how to go about removing the subsidy.

“First, we have to engage. We have already engaged with the states and the public before it was approved as part of the medium-term plan.

“We have to do it by systematically informing the citizens about the size and the quantum of the fuel subsidy.

“We also have to educate them about the opportunity cost of what we are unable to do because of the fuel subsidy,” she said.

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