By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG will not rush to remove fuel subsidy – Finance minister, Zainab Ahmed
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
BusinessNewsTop stories

FG will not rush to remove fuel subsidy – Finance minister, Zainab Ahmed

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: April 14, 2019
Share
2 Min Read
Zainab Ahmed
Zainab Ahmed
SHARE

Nigerian finance minister Zainab Ahmed has said the federal government will not rush to remove fuel subsidy.

Speaking to Nigerian delegation at the close of the spring meetings of the International Monetary Fund and World Bank Group on Sunday, the minister of finance said, solutions will be made available before subsidies are removed.

In her words:

“There is no imminent plan to remove subsidy. One of the issues that always come up, especially in the IMF Article IV is how we handle fuel subsidies.”

- Advertisement -

“So in principle, the IMF would say fuel subsidies are better removed so that you can use the resources can be utilised for other important sectors, which is good advice.

“But in Nigeria, we don’t have any plans to remove fuel subsidies at this time because we have not yet designed buffers that will enable us to remove the subsidy and provide cushions for our people.”

Ahmed explained that government hasn’t gotten any alternative to subsidy yet, that’s why it’s still existing.

In the same line, she also revealed that the government is planning to to issue a N15 billion green bond to finance projects in the agricultural, power and water sectors.

- Advertisement -

“The essence is that the projects must be green, they must projects that are not contributing to carbon dioxide emissions to society.

“The first green bond was successful and all the projects that were scheduled to have been financed have been done, and the projects are at various levels of completion.”

Okay Nigeria had earlier reported that the federal government were considering IMF’s advice to remove subsidy gradually.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Fuel SubsidyZainab Ahmed
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Tiger Woods makes a comeback as he wins 2019 Masters
Next Article Mother of Lady killed by policemen in Ajegunle speaks on daughter’s death

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,565.00
GBP
Buy₦1,760.00
Sell₦1,790.00
EUR
Buy₦2,135.00
Sell₦2,170.00

Updated: 13 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Elon Musk
Elon Musk Announces America Party Formation, Declares ‘You Shall Have It’
International
Tax Reforms committee
Nigeria’s Tax Reform Journey Continues, Says Committee Chairman Taiwo Oyedele
Economy
MTN Mega Billion Promo: How Nigerians Are Winning Big
Partners
As Nigerian Banks Resume Naira Debit Card International Transactions: Limits You Should Know
News
Former Nigerian Army Chief Advocates for Compulsory Military Training
News
- Advertisement -
Ad imageAd image

You May Also Like

PoliticsTop stories

NNPP Declares Rabiu Kwankwaso Will Not Contest 2027 Presidency on Its Platform

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 5, 2025
NSA Nuhu Ribadu
Security

Tinubu Administration Making Headway Against Nigeria’s Security Challenges, NSA Ribadu Affirms

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 5, 2025
Politics

Aregbesola Warns ADC Supporters Against Insults, Urges Fact-Based Engagement with APC

Muhammad A. Aliyu
Muhammad A. Aliyu
July 5, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?