Fuel crisis: Nigeria undergoing budget amendment over subsidy – Finance minister

The Nigerian government is currently undergoing a budget amendment process following the roll back on fuel subsidy, as the global fuel crisis intensifies, according to Zainab Ahmed, Minister of Finance, Budgets and National Planning.

She said this while responding to a question asked on rising share of interest payment as a share of total tax revenues, at a virtual meeting of the International Monetary Fund (IMF) with the theme: “The Political Economy of Fiscal Reforms in Africa

The minister said the Federal Government has quietly implemented subsidies in the electricity sector, saying “as we speak, as it is, we do not have subsidies in the electricity sector.”