Zainab Ahmed, the minister of finance, says the federal government will implement fuel subsidy gradually.
Speaking at the IMF/World Bank meetings taking place in Washington DC, United States of America Ahmed made the disclosure while reacting to the IMF’s advice to Nigeria and other countries, who still subsidise fossil fuel to stop doing so.
“It’s a good advice, but we have to implement it in a way that will be successful as well as sustainable.
“We are not in the position to wake up one night and just remove subsidy. We have to educate the people; we have to show the Nigerian citizens what the replacement for this subsidy will be.
“So, we have a lot of work to do because subsidy removal has to be gradual and the public has to be well informed,” she said.