Our reporter/ Over N13trn was spent on subsidy payment in 16 years between 2005 and 2021, the Federal Government has confirmed. The Secretary to the Government of the Federation (SGF),…
Read More Over N13trn spent on subsidy payment in 16 years – FG
Tag: #Subsidy payment
Again, NNPC makes zero FAAC remittance as subsidy payments hit N3.3trn in 11 months
The Nigerian National Petroleum Company (NNPC) Limited says it deducted N152.85 billion as a shortfall for the importation of petrol (subsidy) in November 2022. The national oil company said this in its…
Read More Again, NNPC makes zero FAAC remittance as subsidy payments hit N3.3trn in 11 months
FG to end payment of fuel subsidy by June 2023
The Federal Government will stop the payment of fuel subsidy by the end of June 2023, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said. Ahmed, who…
Read More FG to end payment of fuel subsidy by June 2023