The honourable minister for finance, Mrs. Zainab Ahmed made the disclosure in an interview with Channels TV today.
"It is important that we exit this subsidy. It is costing us a significant amount of resources that we could have applied for education, health and critical infrastructure.
"It is a major waste and a major drain on the economy. “Aside our plans to deploy Compressed natural gas (CNG) vehicles as an alternative to petrol-aided vehicles.
"We are also considering the payment of transport allowance to Nigerians for six or 12 months to cushion the effect of fuel subsidy removal." She said