Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed
Subsidy removal: No additional loan outside World Bank’s $800m facility – FG
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has debunked media reports suggesting that the Federal Government is seeking new loans to cushion the effect of the pending fuel subsidy removal.
Ahmed, in a statement, described the reports as tissues of lies, explaining that the only existing facility meant to ameliorate the subsidy removal crunch was the $800 million from the World Bank, which is currently awaiting parliamentary approval before the Federal Government commences disbursement.
She said: “The government is, therefore, not seeking another loan for the pending fuel subsidy removal. It is one and the same.
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