NEC: Petrol Subsidy Ends In June

The National Economic Council (NEC) has said that petroleum subsidy will be over in June.

Nasarawa State Governor Abdullahi Sule told reporters yesterday in Abuja after a NEC meeting that the provision for subsidy in the 2022 budget terminates in June.

According to him, the decision on what to do next is the prerogative of the Nigerian National Petroleum Corporation (NNPC) Limited.

He spoke along with Edo State Governor Godwin Obaseki.

However, former Head of State Gen. Abdulsalami Abubakar warned against removal of petrol subsidy, saying that it would push more Nigerians into poverty.

Gen. Abdulsalami spoke at another forum in Abuja.

Also, Organised Labour maintained that its proposed protest against subsidy removal would go on as scheduled on January 27.

Sule clarified that governors who are members of the Vice-President Yemi Osinbajo-led NEC have no role in determining the prices of petroleum products.

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