Nigerian govt gives condition for fuel subsidy removal
The Federal Government has given conditions for the removal of subsidy on premium motor spirit, also known as petrol.
According to her, “At the IMFC meetings, the Managing Director requested for a mandate to pursue some negotiations with Governors for temporary financing options for ensuring that the Fund remains adequately resourced by maintaining the current resource envelope of the Fund through borrowed resources. This arose partly due to the delay in completing the 15th general review of quotas.
She added, “There is no imminent plan to remove fuel subsidy. We are here to discuss with the global community on various policy issues.
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