Zainab Ahmed, minister of finance minister, budget and national planning, says Nigeria spends N18.39 billion daily on petrol subsidy petrol payments. Subsidy or under-recovery is the shortfall for the underpriced
Tag "petrol subsidy"
The World Bank says the current petrol subsidy regime poses an “existential threat” to Nigeria. According to PUNCH, Rajul Awasthi, senior public sector specialist, domestic resource mobilisation, World Bank, said
A-Z Petroleum Products Limited has asked the house of representatives to help recoup the N30 billion subsidy debt owed by the federal government. Hafford Udochukwu, head of business development of the company,
The federal government says it has not raised the pump price of premium motor spirit (PMS), also called petrol, above the regulated price. Timipre Sylva, minister of state for petroleum
In the first half of 2022, petroleum subsidy claims surpassed oil and gas revenue from crude sales by N210 billion,
The federal government has projected to spend N6.7 trillion on petrol subsidy payments in 2023. Subsidy or under-recovery is the
The National Bureau of Statistics (NBS) says Sokoto, Kaduna and Adamawa states paid the highest amount for premium motor spirit
The Nigerian National Petroleum Company Limited (NNPC) says it will ensure the provision of petroleum products to the federal government.
The Nigeria Governors’ Forum (NGF) says petrol subsidy is causing states to experience fiscal stress and impacting salaries. The NGF
Lai Mohammed, minister of information and culture, says it is the wrong time to remove the costly petrol subsidy. Subsidy
Advertisement
Top Stories
Life and Living
