Subsidy Claims: Nigeria Spends N11trn In Six Years – Senate Panel - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
May 30, 2019
Chairman,Senate Committee on Petroleum Downstream, Kabir Marafa, disclosed on Thursdaythat Nigeria spent over 11 trillion naira as payment for outstanding subsidyclaims in the last six years,
Meanwhile,the Senate has approved the payment of 129 billion naira as outstanding subsidyclaims to 67 petroleum marketers.
Theapproval followed the adoption of the report of its Committee on Petroleum Downstreamon the Promissory Note Programme and a Bond Issuance for Oil MarketersOutstanding Claims.
TheSenate has adjourned till June 6 for its valedictory session.