Senate demand April date for fuel subsidy removal implementation

After a one-hour meeting in the senate yesterday, the senate have asked FG to suspend the subsidy removal until April 1, 2012, following the shut down of the nation’s economy, caused by the nationwide strike.

The senate set up a committee to meet with the president and gave the committee a 48-hour ultimatum to report back the outcome of the meeting to the senate.

According to some law makers, we are still operating in the 2011 budget, which ends March 31st...so why remove petroleum subsidy in January Mr President?