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Tag "subsidy payments"

Petrol subsidy: Reps summon auditor-general over discrepancies in NNPC documents

    Petrol subsidy: Reps summon auditor-general over discrepancies in NNPC documents

The house of representatives has summoned the auditor-general for the federation to provide evidence of an audit on the payments of fuel subsidy between 2013 and 2022. Ibrahim Aliyu, chairman,

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Petrol subsidy: FG struggling to meet debt service obligations, says Zainab Ahmed

    Petrol subsidy: FG struggling to meet debt service obligations, says Zainab Ahmed

Zainab Ahmed, minister of finance, budget and national planning, says petrol subsidy is “hurting the nation” and limiting the federal government’s ability to service debt. The World Bank, in its

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‘We can’t continue’ — Zainab Ahmed says Nigeria losing N250bn monthly to fuel subsidy

    ‘We can’t continue’ — Zainab Ahmed says Nigeria losing N250bn monthly to fuel subsidy

Zainab Ahmed, minister of finance, budget and national planning, says the government can no longer sustain petrol subsidy payments which currently stand at about N250 billion monthly. Briefing state house

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NNPC set to import 1 billion litres of petrol

    NNPC set to import 1 billion litres of petrol

The management of the Nigerian National Petroleum Corporation (NNPC) has announced its plan to import one billion litres of petroleum in March to address the scarcity of the product. Although,

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