By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
VEO NewsVEO News
Notification Show More
Latest News
Is this the Lagos You Brag About?
September 27, 2023
Tinubu’s Chicago Varsity classmate testifies in U.S. Court
September 27, 2023
Eid-El-Maulud: Imbibe Virtues of Prophet Muhammad – Tinubu Tells Muslims
September 27, 2023
No Court Order Can Stop Impeachment Proceedings Against You – Ondo Assembly tells Aiyedatiwa
September 27, 2023
Nasarawa Assembly To Probe Sale of Lagos Liaison Office By Al-Makura
September 26, 2023
Aa
  • Nigeria
  • World
  • Sports
  • Business
  • Editorial
Reading: Breaking: NEC suspends subsidy removal
Share
Aa
VEO NewsVEO News
  • News
  • Metro
  • Entertainment
  • Technology
Search
  • Home
    • Home News
  • Categories
    • Technology
    • Entertainment
    • Metro
    • News
    • Health
  • Bookmarks
    • My Bookmarks
  • More Foxiz
    • Blog Index
    • Sitemap
Have an existing account? Sign In
Follow US
VEO News > Blog > Business > Breaking: NEC suspends subsidy removal
BusinessNews

Breaking: NEC suspends subsidy removal

Ayo Ayedun
Last updated: 2023/04/27 at 2:39 PM
Ayo Ayedun Published April 27, 2023
Share
SHARE

The National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration.

Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

She explained that the removal of the subsidy will likely take effect in June because the Petroleum Industry Act and the 2023 budget provided subsidy till June, hence any delay may require the amendment of the PIA and the budget provision.

She, however, said that there was no deadline given for the subsidy removal and that the incoming administration will take decision on when possible to do that.

You Might Also Like

Tinubu’s Chicago Varsity classmate testifies in U.S. Court

Eid-El-Maulud: Imbibe Virtues of Prophet Muhammad – Tinubu Tells Muslims

No Court Order Can Stop Impeachment Proceedings Against You – Ondo Assembly tells Aiyedatiwa

Nasarawa Assembly To Probe Sale of Lagos Liaison Office By Al-Makura

Abbas Declares Olubunmi-Ojo, Sununu Seats Vacant

Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News

Nigerian Navy to adopt AI

Rufai Oseni Rufai Oseni August 11, 2023
COVID Returns, Kachikwu advices vigilance.
NIN Now Mandatory To Access Government Services ― NIMC
Civil society backs Labour for strike
Dankwambo departs Wike’s camp, backs Atiku
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • Nigeria Decides 2023
  • APC
  • LP
  • NNPP
  • PDP
  • AAC

About US

VeoNewsng is one of Nigeria's fastest growing news company with millions of impressions and fast growing following across social media platforms.
Quick Link
  • My Bookmark
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?