FG will pay subsidy in the first 6 months of 2022


The Federal Government says it will take care of petrol subsidy in the first six months of 2022.

Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this at a panel session during the ongoing Nigerian Economic Summit in Abuja.

She said the Federal Government had made provision for petrol subsidy till the end of June next year, adding that complete deregulation of the downstream oil and gas sector will start by July 2022.

Chairman of the economic advisory council, Doyin Salami, said that he had argued for a long time on the issue of the subsidy.

He also said the Petroleum Industry Act made the payment of subsidy of petrol illegal.