Nigerian Government Plans to Spend N3.35 Trillion On Fuel Subsidy in 2023 -Ahmed

Nigeria’s Minister of Finance and National Planning, Zainab Ahmed, has said the Federal Executive Council (FEC) has given approval for a planned summit of the government, leadership of all political parties and relevant groups to discuss and agree on the removal of petroleum subsidy.
Ahmed disclosed this on Thursday when she appeared before the House of Representatives Ad Hoc Committee investigating Premium Motor Spirit (PMS) subsidy.
She also said the government is planning to spend N3.35 trillion on subsidy in 2023, which will last till June of that year.
Ahmed said the idea of a national forum to take a decision on petroleum subsidy was suggested by the leadership of the National Assembly and that the arrangement for the forum is underway.
The minister said the federal government is spending N18.6 billion daily on PMS, and that it spent N6.2 trillion on subsidy between 2013 to 2021.

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