The Government through the Minister of Finance, Budget and National Planning, Zainab Ahmed earlier announced that the government would stop subsidy payments on petroleum products in June. Unfortunately, the government reneged on its initial position in a meeting reportedly convened by Ahmad Lawan, President of the Senate with Zainab Ahmed, Timipre Sylva, Minister of State for Petroleum Resources, Mele Kyari, Group Managing Director, NNPC Limited in attendance.
The statement that the President is unaware of the commitment to remove subsidy is misleading. The real issue is not whether the President is aware of its removal or not because the President presented the 2022 budget, and signed the Appropriation Bill into law which signaled the removal of subsidy in June as only N443 billion was appropriated for subsidy payment from January to June 2022.
Read more about the Fuel Subsidy position paper here https://bit.ly/3g2ezRd