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Subsidy removal: We’re yet to find workable formula ― FG

THE federal government has said that its inability to find a formula that works for the country is the reason why it has not been able to design buffers against the removal of petroleum subsidy.

Minister of Finance, Zainab Ahmed, explained while briefing State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC) that Nigeria is a unique country as what works for others may not be operable within its context.

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While insisting that the subsidy cannot be removed now, she said to do so, there would be the need to agree with the legislature on buffers to ameliorate the effects on the most vulnerable citizens.


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