Breaking: Wale Edun Reveals “Removing Fuel Subsidies Is An Ongoing Process.”

Fuel subsidy reduction is a continuing process that depends on a number of circumstances, according to Finance Minister Wale Edun.

The Finance Minister was reacting to remarks made during an appearance with Live Channels TV in which he addressed a variety of local economic concerns.

Gasoline subsidy removal has been a divisive topic for a few months due to rising crude oil costs and declining currency rates. Some critics argue that some gasoline subsidy remains in place even though removal talks have been ongoing.

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Responding directly to the question of whether fuel subsidy has been removed or not, Wale Edun Stated,

“The fuel is imported, that means the more.

“It is an ongoing conversation, it is an ongoing process of ensuring that fuel subsidy that fuel subsidy is eliminated from the Nigerian economy, that is what Mr. President intent is and that is what is being worked towards”.