The federal government has suspended the removal of fuel subsidy as earlier planned in june this year.
The minister of finance, budget and national planning zainab ahmed disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo at the executive Council Chambers of the Presidential Villa, Abuja.
The minister said FEC has agreed to continue on the discussion on issues relating to the removal of fuel subsidy, adding that the federal government, the state, and representative of the incoming administration need to prepare adequately for the task ahead.
“Council agreed that the timing of the removal of fuel subsidy should not be now. But that we should continue with all of the preparatory works that need to be done and that this preparatory has to be done in consultation with the states and other key stakeholders including representatives of the incoming administration.
“So, this will require looking at alternatives to the fuel subsidy that needs to be planned for and subsequently put in place. But also what needs to be done to support the people that will be most affected as a result of the removal.”
The minister also added that the federal government will be working together with the representatives of the 36 states between now and june 2023.