Nigeria's Minister of Finance Zainab Ahmed, has once again reassured Nigerians that the country has no plan to remove fuel subsidy.

This was said in a press statement issued to further clarify why the country cannot remove subsidy as advised by the International Monetary Fund (IMF) at the just-concluded Spring Meetings in Washington DC United States of America.

She said NNPC is the sole importer of petroleum products and so when they import it is the cost of business and they deduct that cost before they remit the little money to the federation account. So that is completely different. It is more cost effective it is cheaper and what is being done now is easier to monitor what transpired.

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https://www.markcherryblog.com/2019/04/finanace-minister-no-plans-to-remove.html