Oil

FG Shelves Plan on Removal of Fuel Subsidy

Chief Timipre Sylva, Minister of State for Petroleum Resources

In what seems to be pressure from labour union, the Federal Government said it has shelved plans to remove fuel subsidy this year.

The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this during a stakeholders meeting with the President of the Senate, Ahmad Lawan, in Abuja.

Nigeria Labour Congress (NLC) had threatened a show down with the government if it goes ahead to increase pump price of Premium Motor Spirit (PMS) also known as fuel.

As the government has come out with its position, it is believed that every stakeholder including NLC and the government will maintain status quo especially on labour planned strike.

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