The Minister of State for Petroleum Resources, Timipre Sylva says that the Federal Government has ruled out the planned removal of fuel subsidy for now.
He stated this at a meeting of stakeholders in the oil and gas sector at the instance of the President of the Senate Ahmad Lawan on Monday at the National Assembly complex in Abuja.
Sylva said that the timing for removal of fuel subsidy is inappropriate.
He stressed that the only option is for the National Assembly to revisit the Appropriation Act with the view to amending it to provide for subsidy beyond June 2022.
The President of the Senate , Ahmad Lawan in a remark recalled his meeting with President Muhammadu Buhari on the possible removal of petroleum subsidy.
Senator Lawan said that the present administration believed that the issue of removal of subsidy should be handled with utmost care and stressed that sufficient 55 needs to be done to provide necessary parliatives.
Senator Lawan also mentioned that the shelving of fuel subsidy removal is not about the proposed protest by Labour unions but for the interest of ordinary Nigerians and appealed to the organized Labour unions to shelve their planned protest.