The Minister of Finance, Mrs Zainab Ahmed, has revealed how the Federal Government quietly removed the subsidy on electricity tariff. She said the government had to carefully adjust the prices incrementally at some levels.

Speaking on Thursday at a virtual meeting of African Finance Ministers and the International Monetary Fund, Ahmed also said the amendment of the budget was ongoing to accommodate the incremental removal of fuel subsidy. The theme of the meeting was ‘The political economy of fiscal reforms’.
Ahmed said, “We are cleaning up our subsidies. We had a setback; we were to remove fuel subsidy by July this year but there was a lot of pushback from the polity. We have elections coming and because of the hardship that companies and citizens went through during the COVID-19 pandemic, we just felt that the time was not right, so we pulled back on that.

“But we have been able to quietly implement subsidy removal in the electricity sector and as we speak, we don’t have subsidies in the electricity sector. We did that incrementally over time by carefully adjusting the prices at some levels while holding the lower levels down.
She said fuel subsidy remained a huge problem for the government as it had thrown up deficits more than what was planned. She noted that the rise in global oil prices would worsen the issue “but the current review that we are doing is to hold the subsidy at the level in which it is planned,” she said.

Ahmed added, “We are currently doing a budget amendment to accommodate incremental subsidy (removal) as a result of the reversal of the decision and we want to cap it at that. Hopefully, the parliament will agree with us and we are able to continue with our plan for subsidy (removal) otherwise the way things are going we will not be able to predict where the deficit will be as a result of the fluctuation in the global market.”
She stated further that the government was improving tax administration and compliance by adopting technology so as to increase revenue.
https://punchng.com/weve-quietly-removed-electricity-subsidy-fuel-subsidy-to-follow-fg/?amp

biggest mistake of the century bring you people to power

Why should I be patriotic?

Yeye people

Nigeria is fast becoming the worst place to be born.
They removed imaginary subsidy from where there was no subsidy.

Na wa , dey see us as wetin sef for dis country?

The lying deceitful APC government is behind all our sufferings. The say something but do something else... continue lying foolishly about the situation.

The gap toothed lanky man heading the evil regime rolls out the evil plans in the dark, runs out to UK and leave his foot soldiers to be speaking from every hole in their bodies. Their argument was crude oil price was too low, now it is too high...

The useless government whose only plan is the protection of the regime will continue to increase the suffering when we start experiencing the full impacts of Putin/NATO's evil play in Ukraine.

The useless government does not know that it will have any impact, I am sure that since their saviour, Dangote has spoken, the useless Minister of Finance will start thinking of how to increasing VAT to quietly 20% so that they can continue to pay themselves undeserved salary and allowances and still have enough to embezzle. Nde ela!

They started with the importation of bad fuel into the country to cause fuel scarcity knowing fully well that Nigerians will not do anything. People are suffering but they are pretending as if everything is ok. Nigerians are too dull for my liking and that is why buhari and his government are just using everybody's brain to play draft.

I dey always pity for this country

Jostoman:
They started with the importation of bad fuel into the country to cause fuel scarcity knowing fully well that Nigerians will not do anything. People are suffering but is pretending as if everything is ok. Nigerians are too dull for my liking and that is why buhari and his government are just using everybody's brain to play draft.

I seconded

Perfecttouchade:
I seconded

but the citizens don't pity themselves.

Jostoman:
but the citizens don't pity themselves.

you can say that again and some are already acting confused ahead of the election, e just weak me