'In June 2023, we should be able to exit,' an official said.
Nigeria’s Minister of Finance, Zainab Ahmed, said Tuesday that it will be more appropriate for the government to begin the implementation of its fuel subsidy policy in the second quarter of the year.
“You can look at it in two ways, the payments made are revenues that would have come to the government but don’t because it is being spent on fuel subsidy. Mrs Ahmed added that the removal of the fuel subsidy at that time would have increased the burden on the Nigerian citizens and the president did not want that.
“In June 2023, we should be able to exit. The good thing is, we hear a consistent message that everybody is saying this thing needs to go because it is not serving the majority of Nigerians. Also, some new candidates running for the 2023 elections are also saying the subsidy regime needs to end.
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