The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Nigerian government is not subsidising Premium Motor Spirit, popularly called petrol and has no plan to do so. She also said the government did not make any provision to subsidise electricity in 2021. Zainab Ahmed While speaking during a virtual meeting in Abuja, Ahmed said, “We are not bringing back fuel subsidy. We didn’t make provision for fuel subsidy in the budget. The impact of what was done was reducing some of the cost components that were within the template. “And also related to it, on matters of electricity subsidies, no provisions have been made for subsidy for fuel and no provisions have been made for subsidy for electricity.” The minister stated that the government would hold the unclaimed dividends of investors in the stock market in trust and make the fund available when needed by an investor, the Punch reported. She said, “On the issue of unclaimed dividends and government’s ...
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