The National Economic Council (NEC) has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration.
Minister of Finance, Budget, and National Planning, Zainab Ahmed, disclosed this yesterday while briefing State House correspondents at the end of the National Executive Council (NEC) meeting presided over by Vice-President, Yemi Osinbajo at the Presidential Villa, Abuja.
According to the minister, the NEC concluded in its meeting that it is not a favourable time for the action.
“The Council deliberated on the matter, and resolved that it cannot be removed for now; but it equally agreed on the need to continue the discussion on the matter and the necessary preparatory work, in conjunction with States and representatives of the incoming administration”, she stated.
