Finance minister reiterates that subsidy will end in June 2023


Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that petroleum subsidy will be completely phased out by June 2023.

Speaking on Tuesday, November 15, in Abuja during a press conference to mark the end of the 28th National Economic Summit, Ahmed revealed that while the removal of fuel subsidy is part of the FG’s medium-term plan in 2023 budget, how to go about it has been the challenge.

She said;

“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.