‘Nigeria has saved N1.4 trillion since subsidy removal,’ Minister says
Kachikwu also said that the removal of the subsidy has improved the availability of fuel and stopped the previously frequent shortages of the product.
Ibe-kachikwu- Minister of state for petroleum
Recommended articles
The minister made the comments on Thursday, August 18, 2016, while speaking at the National Association of Energy Correspondents’ conference in Lagos.
“For the first time in 30 years, we have been able to deal with the pricing issue of petrol. We work with all stakeholders and we have been able to save N1.4 trillion,” Kachikwu said according to The Tribune.
“More importantly is for us to achieve self-sufficiency and ensure that queues disappear from our filling stations,” he added.
ADVERTISEMENT
The fuel subsidy was removed on Wednesday, May 11, and resulted in an increase in the pump price of the product from N86 to N145.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
No need to run when EFCC invites you, Cubana Chief Priest advises Nigerians
Immigration places wanted Yahaya Bello on watchlist, unveils his passport details
Oyo govt justifies demolition of Yoruba Nation agitators’ building
NAFDAC raids popular supermarket in Abuja for selling counterfeit products
Iranian morality police crack down on women who don't wear headscarves
FG sets up committee to compensate landowners affected by Lagos-Calabar road project
Kano Gov remains a bona fide member of our party - NNPP debunks suspension
We need ₦3.2trn to pay electricity subsidy in 2024 - FG
Tinubu's proactive approach to security threats yielding results, Ribadu claims
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT
![Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]")