The National Economic Council (NEC) has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration.

The Minister of Finance, Budget, and National Planning, Zainab Ahmed disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa in Abuja.

According to the minister, the NEC concluded in its meeting that it is should “not be removed” as earlier planned for June 2023.

Ahmed said the Council agreed on the need for continued discussions on the issue adding that the Federal Government, together with states and representatives of the incoming administration require more preparatory work.