The National Economic Council (NEC) has dismissed insinuations that it have taken a position on fuel subsidy, saying a decision will be taken in June.
Nasarawa State governor, Abdullahi Sule, disclosed this to State House correspondents on Thursday after a meeting of NEC presided over by vice president Yemi Osinbajo at the Presidential Villa, Abuja.
He also clarified that the Petroleum Industry Act (PIA) 2021 has already taken care of some of the contending issues.
He said, “I think in addition to that, what you have to understand, we didn’t make any presentation on this (fuel subsidy) because there has not been a decision.
“But in reality, all of us Nigerians know that there is now the Petroleum Industry Act. And NNPC has now become, you know, a limited liability company. So NNPC will run differently.
“So if the Minister of Finance, you know, provides for six months, you probably can understand part of the reason for the provision of six months before NNPC fully takes off, and at that moment, that’s when decisions will be made.
“But I want to make the correction that it is not governors who are making recommendations. It is actually a NEC committee, you know, which comprises all the other people that are looking at this and no decision has been made, and probably by the time, a decision will be made.
Culled from the Leadership News Nigeria
