The National Conference Tuesday agreed to a proposal requiring the Federal Government to allow a 3-year grace period before removing the present subsidy on petroleum products.
The agreement ended the contentious debate on the issue of fuel subsidy, which had yesterday been reignited at the National conference when delegates broke into opposing camps arguing for and against a proposal to remove the subsidy.
The decision which came in form of amendment to earlier motions for a total withdrawal, which required government to implement an intervention policy over a period of 3 years within which it will encourage construction of local refines.
Decisions reached at the national conference are subject to ratification by the national assembly.
