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Thursday, January 05, 2012

Outcome of FEC meeting: No going back on fuel subsidy removal

From Punch:
The Federal Executive Council on Wednesday said it would not rescind the removal of the subsidy on petroleum products.
Minister of Information, Mr. Labaran Maku, told newsmen at the end of the emergency FEC meeting at the Council Chambers of the State House, Abuja, that government was not unmindful of the pains being experienced by Nigerians, as a result of the action.
He said the Federal Government had commenced a ‘massive mass transit scheme’ to cushion the effect of the subsidy removal on transportation. Under the scheme, thousands of mass transit vehicles are to be distributed.www.mannastores.com

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