Fuel subsidy still intact, says Okonjo-Iweala

FINANCE Minister Ngozi Okonjo-Iweala stepped in yesterday to calm frayed nerves, following reports that the government may have removed fuel subsidy. The co-ordinating Minister of the Economy said the subsidy, which the government said hit N1.3 trillion this year, was intact.

“The President is consulting widely. He makes the final decision. He is talking to stakeholders all over the country and at the appropriate time he will make the decision,” Dr Okonjo-Iweala said in Abuja. The removal of oil subsidy, she said, “touches everyone and you must allow the process”. “The President is consulting extensively, meeting with youth groups, labour, students, religious leaders all over the country. We are involved in those meetings. He has touched base with different segments of the country, but we will give him the respect to make the decision he wants to make,” the minister said, declining further comments on the issue.

http://www.thenationonlineng.net/2011/index.php/news/29856-fuel-subsidy-still-intact-says-okonjo-iweala.html

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