BusinessOil & GasFuel Subsidy: Federal Govt Extends Deadline

ABUJA — Minister of State for Petroleum Resources, Timipre Sylva said the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly.

He gave this indication on Tuesday while briefing State House Correspondents in Abuja, explaining that the rehabilitation of refineries are ongoing, while Dangote refinery is almost coming on stream.

“President Muhammadu Buhari being aware of the negative implications of total subsidy removal has graciously approved that the time frame is extended, to allow the government put necessary palliatives in place,” he said.

Nigerians had raised an alarm that the proposed subsidy removal could hike the petrol pump price to N302 per litre.

• About
• Latest Posts

Hassan Umar Shallpella (Regional Correspondent)

Veteran journalist and recipient of A.B.C Yola, Reporter of the Year Award (1997), Hassan Umar Shallpella, works with WAP as a Regional Correspondence. He was trained at Institute of Mass Communication and Technology Jos and Federal Radio Corporation of Nigeria, Training School Lagos.He was a News desk Editor and a Correspondent at the Punch newspaper and till 2019, was the Deputy Editor ofThe Scope newspaper.

Latest posts by Hassan Umar Shallpella (Regional Correspondent) (see all)

• No Automatic Ticket For National Assembly Members Under APC- Yilwatda - April 17, 2026
• MTN Nigeria Suspends Airtime, Data Credit Services  - April 17, 2026
• Petty Trader In Plateau State Rewarded With N500, 000 For Returning N1m - April 17, 2026