Finance minister assures nigerians there is no plan to remove fuel subsidy now

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The Nigerian Finance Minister, Zainab Ahmed, has assured Nigerians that there are no plans to remove the fuel subsidy at present. The minister made this statement during a press conference in Abuja, the capital city of Nigeria.

The fuel subsidy is a government program that aims to reduce the cost of fuel for Nigerians by providing a subsidy to oil marketers. The program has been a contentious issue in Nigeria, with many calling for its removal to reduce the country's fiscal deficit and improve the overall economy.

However, the minister stated that the government is not planning to remove the fuel subsidy at this time, citing the need to protect the poor and vulnerable segments of the population. She also emphasized that the government is working to improve the efficiency of the fuel subsidy program to ensure that it is better targeted and more effective.

The minister's statement is likely to be welcomed by many Nigerians who rely on the fuel subsidy to access affordable fuel. However, it may also be seen as a missed opportunity by some who believe that the removal of the fuel subsidy could help to reduce the country's fiscal deficit and improve the overall economy.

Overall, the minister's statement suggests that the government is committed to protecting the poor and vulnerable segments of the population, but it may also be seen as a sign that the government is not willing to take bold action to address the country's fiscal challenges.