The federal government on Sunday said it has no plans of removing fuel subsidy anytime soon.
The Minister of state for petroleum Timi Sylva made the clarification on Sunday during an interview on Channels television.
The Minister said although removal of fuel subsidy is an inevitable policy that would be carried out but that it has no plans doing that anytime soon until consultations with critical stakeholders is concluded before the policy is rolled out.
He said the federal government is weighing other options like alternative fuel, palliatives, and autogas to cushion the possible effect of the policy when it is eventually rolled out.
“I can tell you categorically that removal of fuel subsidy is not in our plate at this time.
“The president of the federal republic of Nigeria President Muhamadu Buhari is not in support of the removal of fuel subsidy at the time.
“We are working out the processes with the governors, NLC, and other stakeholders and like we all know it’s a desirable policy direction”, he noted.
He also noted that the subsidy removal is an inevitable policy that should be considered but that it is looking at the impact the policy will have on citizens at the time.
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