The Minister of Finance, Zainab Ahmed says the Federal Government will look into gradual removal of fuel subsidy as part of strategy to boost revenue.
Ahmed said this on the sideline of the IMF/World Bank meeting in Washington DC that the fuel subsidy removal would help boost revenue and improve government’s spending to build more hospitals, roads, schools, and to support education and health for the people.
“It’s good advice, but we have to implement it in a way that will be successful as well as sustainable.
“We are not in the position to wake up one night and just remove subsidy. We have to educate the people, we have to show the Nigerian citizens what the replacement for this subsidy will be.
“So, we have a lot of work to do because subsidy removal has to be gradual and the public has to be well informed,” she said.
(NAN)