Why petrol subsidy will be removed now, by minister

  Minister of State for Petroleum Timipre Sylva, said yesterday. The minister told reporters there is no going back on the decision because the government can no longer afford it. Sylva explained that although withdrawal of subsidy will be painful initially, it will pay off for the poor in the long run. According to him, the present arrangement favours a few rich individuals and firms. Labour yesterday described the plan to remove subsidy as an attempt to punish the people for government’s inefficiency. The Lagos Chamber of Commerce and Industry (LCCI) said although desirable, government needs a stable policy in

By |May 19th, 2021|Categories: News|Tags: , |0 Comments
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