Nigeria is studying to ensure that livelihoods do not collapse if oil subsidies are removed The Nigerian government said it is studying the ...
Nigeria is studying to ensure that livelihoods do not collapse if oil subsidies are removed
The Nigerian government said it is studying the best way to remove fuel subsidies, without disrupting the way of life in the country.
The Secretary General of the Ministry of Petroleum Resources, Ambassador Gabriel Aduda said this while addressing the press at the end of the World Energy Summit in Nigeria.
He said that the government is definitely working on the intention of withdrawing fuel subsidy, but it has not set a date to do so, because it has to study all demographics with the aim of seeing the pain that the situation will bring, it was not serious for the less powerful in Nigeria. .
The News Agency of Nigeria NAN reported Aduda as saying that although the removal of fuel subsidies has been a focus for a long time, President Buhari and the Minister of Petroleum Resources are taking the matter seriously and are contacting everyone in the sector. oil production.
According to him, government officials are still looking carefully at how to remove the subsidy without disrupting the livelihoods.
He said that it is their responsibility as the government, so they must bring measures to reduce the pain and provide foreign exchange so that traders can easily get the goods they need.
Gabriel Aduda confirmed that they have to provide foreign exchange funds for at least six months so that even if there is the opposite, life will not end.
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