Okonjo Iweala mum on date of Fuel Subsidy withdrawal

Channels Television  
Updated December 15, 2011
okonjo Iweala

The Minister of Finance and coordinating Minister for the economy, Dr. Ngozi Okonjo Iweala refused to be categorical on the exact date of when government will withdraw oil subsidy on petroleum products in the country.

Addressing a news conference on break down of the 2012 budget the Minister said consultation with relevant groups is still ongoing for the implementation of the proposed removal of fuel subsidy.

President Goodluck Jonathan was silent on the issue of removal of subsidy on petroleum products in his presentation of 2012 budget to federal lawmakers, but it was evident in the proposed budget that there was no provision for subsidy for next year