Tag: SUBSIDY
Petrol: Subsidy Rises, Hits n1.16tn In 11 Months
The amount spent on subsidizing Premium Motor Spirit, popularly called petrol, rose to N1.16trillion between January and November this year, the latest data from...
Petrol Subsidy :Nigeria’s Revenue Dropped By 65%, Says Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigeria’s revenue has dropped by about 65 per cent.She said this necessitated the...
Petrol: NUPENG, PENGASSAN Suggest Refineries Fixing Before Subsidy Removal
The National Union of Petroleum and Natural Gas Workers, NUPENG says any deregulation in the petroleum sector that is still dependent on importation of...
Subsidy On Petrol Now N18.68/Litre – PPPRA
The Petroleum Products Pricing Regulatory Agency
said that the current open market price for Premium Motor Spirit, popularly
known as petrol is 163.68 naira per litre.PPPRA...
Fuel: Minister For Petroleum Says FG Has No Plan To Remove...
The Minister of State for Petroleum, Timipre Silva assured Nigerians that the Federal Government has no immediate plan to remove fuel subsidy.The Minister made...
Petrol: Finance Minister Says Subsidy To Gulp N450bn In 2020
The Minister for Finance, Budget and National
Planning, Zainab Ahmed, says under-recovery of fuel subsidy will gulp 450
billion naira in 2020. She stated at the...
Petrol: Report Shows Subsidy Gulped N650.2bn In 12 Months
The Federal Government spent about six hundred and fifty
billion naira on petrol subsidy in twelve months.Latest statistics from the Nigerian National Petroleum
Corporation, NNPC have...
Petrol: Senate Approves N129bn Subsidy Payment For 67 Oil Marketers
The Senate has
approved one hundred and twenty nine billion naira as final subsidy arrears
claim to sixty seven oil marketing companies.The endorsement
brought the total of...
Subsidy Claims: Nigeria Spends N11trn In Six Years – Senate Panel
Chairman,
Senate Committee on Petroleum Downstream, Kabir Marafa, disclosed on Thursday
that Nigeria spent over 11 trillion naira as payment for outstanding subsidy
claims in the last...
Fuel: Finance Minister Says FG Thinking Gradual Removal Of Subsidy
The Minister of Finance Zainab Ahmed says the
Federal Government is looking into ways for gradual removal of fuel subsidy as
part of strategy to boost...
