Petrol Subsidy Removal Will be Decided in June – NEC
Daily Rendezvous Nigeria needs $2.7bn investment to stabilise petroleum products supply — NNPC THE National Economic Council, NEC, on Thursday said that decision on the removal of the subsidy on petroleum will be made in June when the provision for its payment in the 2022 budget expires. NEC said though conservation on subsidy removal has been going on it was yet to take a position on it. The council chaired by Vice President Yemi Osinbajo met at the Conference Hall, Presidential villa, Abuja on Thursday, with the declaration that since the Nigerian National Petroleum Company, NNPC, Limited has become a limited liability company, it must be run differently. Fielding questions while briefing State House correspondents on the outcome of the meeting, the governor of Nasarawa state, Abdulahi Sule said it was understandable that the provision for the payment of the subsidy is made in the 2022 budget only until June. Governor Sule, flanked by his Edo state counterpart, Godwin Oba...