The Minister of State for
Petroleum, Mr Timipre Silva on Thursday assured Nigerians that the Federal
Government has no immediate plan to remove fuel subsidy.
Silva disclosed this while
fielding questions from legislators at a joint session of the National Assembly
Committees overseeing the oil sector, NAN reports.
He said, “This government is not
about to remove subsidy because it is difficult; we believe as a government
that our people are going through a lot.
“We cannot as a responsible
government hip another issue of petroleum price hike or removal of subsidy on
Nigerians.
“It is not on the cards at all,
we are just looking at how we can manage it,” he said.
Silver said that the official
daily consumption rate of petrol in Nigeria does not reflect the actual
consumption rate.
He maintained that the government
does not believe that Nigerians consume over 60 million litres of fuel daily.
According to him, there is a lot
of smuggling and lots of our neighbours are taking advantage of the cheaper
price in Nigeria.
He added that Nigeria was
subsidising for almost half of Africa which was very difficult to manage.
The minister also said that the
government was working to close up such leakages and when achieved, the cost of
subsidy would be bearable.
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