₦airaland Forum

FG removes electricity subsidy quietly, petrol in phases
March 11, 2022
Nigeria Customs Act Amendment Bill: Finance Ministry, FIRS and the gathering of vultures
Zainab Ahmed
By Emma Ujah, Abuja Bureau Chief & Obas Esiedesa
The Minister of Finance, Budgets and National Planning, Mrs. Zainab Ahmed, said that the Federal Government, FG, has quietly removed all subsidies in the power sector, with a plan to gradually end
subsidies on petrol.

Ahmed who spoke at a virtual meeting of the International Monetary Fund (IMF) with the theme: “The Political Economy of Fiscal Reforms in Africa”, said the current high price of crude oil has further increased petrol subsidy burden on the Federal Government.


She noted that though the government had a setback in its plan to have subsidies on petrol removed by July this year, it would work with the National Assembly to have it removed in phases.

She stated: “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 push back from the polity. We have elections coming and also 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.


https://www.vanguardngr.com/2022/03/fg-removes-electricity-subsidy-quietly-petrol-in-phases-2/

Same way God will quietly remove happiness from their lives and their generations yet unborn.

That useless unqualified Minister of Financial Recklessness will end up committing suicide when God removes Joy and Happiness from her life and replace it with Sorrow and Bitterness.

Buhari really fustrated Nigerians this past years

Removal of subsidy
Devaluation of naira
Increase in debt and cost of debt servicing
Closure of land boders
Increase in custom duty
Increase in luxury tax
Increase in VAT
Ban on Cryptocurrency


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Mooh247:
Buhari really fustrated Nigerians this past years

Removal of subsidy
Devaluation of naira
Increase in debt and cost of debt servicing
Closure of land boders
Increase in custom duty
Increase in luxury tax
Increase in VAT

Nigeria is rudderlessly on autopilot

AdeniyiA:
Nigeria is rudderlessly on autopilot

No oo being on autopilot is far better than Nigerians case

Buhari got his orders from IMF, world bank and other old world order institution to intentionally drive Nigerian economy backward

Everything he does as being very intentional.. like closing southern borders and opening northern boders

Then they suddenly lost touch with economy