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Why FG Must Remove Fuel Subsidy Immediately — El-Rufai

Zaccheus Ukhueleigbe by Zaccheus Ukhueleigbe
11 months ago
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Why FG Must Remove Fuel Subsidy Immediately — El-Rufai
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Nasir El-Rufai, Kaduna State government has urged the Federal Government to immediately end the petrol subsidy.

El-Rufai gave a speech during the “State-of-the-State” session of the ongoing NESG in Abuja.

When asked during the session what should be the priority of the government, the governor said, “remove fuel subsidy immediately.”

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The governor said his colleagues across the federation had agreed that the subsidy on petrol should be removed in September 2021.

El-Rufai said: “Under this administration, we have met religiously, almost every month because we have only one economy.

“We took a decision to remove subsidy in September 2021. The Minister of Finance also agreed.

“We agreed that the money from there should be channeled into health, education, and infrastructure.”

El-Rufai’s comment is coming at a time the price of Premium Motor Spirit, PMS, also known as fuel jumped to N190/per liter from N165/per litre in Abuja. In some States, the price has gone up to over N200.00.

This is despite the federal government spending over N2.04trn on subsidy.

Tags: El-RufaiFederal GovernmentFuel Subsidy
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