Abubakar warns against increase in fuel price

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The National Economic Council had recently recommended that fuel price be pegged at N302 per litre.

Former Head of State, Gen. Abdulsalami Abubakar (retd.) has warned the Federal Government against an increase in the price of petroleum.

Abubakar said this on Thursday, January 20, 2022, while speaking at the 19th Daily Trust Dialogue in Abuja.

The National Economic Council had recently recommended that fuel price be pegged at N302 per litre.

It would also be recalled that the International Monetary Fund (IMF) had in November last year advised the Federal Government to remove fuel and electricity subsidies completely in 2022 and implement revenue-based fiscal consolidation.

2 COMMENTS

  1. As for fuel it can not work bcs it will crash Nigeria economy to the end and the chance of survival will only belong to the rich.as for electricity,tell federal government to provide prepaid meter to every one,once that is done we are OK,but in a situation you estimating on people what they never consume will not work o o.take it or not if government try it they can survive the crisis that will follow

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