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Financial Economic Council on Thursday suspended the planned removal of subsidy on petroleum products by the end of President muhammadu buharis Administration the minister of finance budget and National planning zainab Ahmed disclosed this while briefing State House Correspondents at the end of the neck meeting presided over by vice presidential at the presidential Villa in Abuja ing to the minister net concluded in its meeting that it is not a favorable time for the action she stated that the Council deliberated on the matter and resolved that it cannot be removed for now but it equally agreed on the need to continue the discussion on the Mata and the necessary Preparatory work in conjunction with States and representatives of the incoming Administration under the petroleum industry Bill signed by president muhammadu buhari in August 2021 part of the ACT does not create room for subsidy in night in January 2022 the federal government said it will propose 18 months extension to the Na