Nigeria’s finance Zainab Ahmed minister Monday said the government has suspended the plan to remove fuel subsidy by the end of the first of 2022. Ahmed said the removal of the subsidy anytime this year may worsen inflationary trends in the country. President does not want to do that. What we are now doing is to continue with the ongoing discussions and consultations in terms of putting in place a number of measures. “We, therefore, need to return to the National Assembly to now amend the budget and make additional provision for subsidy from July 22 to whatever period that we agreed was suitable for the commencement of the total removal.”

Source: The Guardian January 24, 2022 16:24 UTC