The federal government yesterday said no provision was made for subsidy in the 2016 budget hence the new price regime for PMS recently announced by the federal government does not amount to removal of subsidy.
Addressing journalists in Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said:
“Let me debunk the notion that this new price regime amounts to removal of subsidy. No. There is no subsidy to remove because no provision was made for subsidy in the 2016 budget. […]