NNPC And Federal Government Divided As Fuel Subsidy Rises To N1.03tn
A government report indicates the Nigerian National Petroleum Company Limited (NNPC) has spent N1.03tn on subsiding Premium Motor Spirit, or petrol, between January and October of this year.
The presentation on the report was aimed at the NNPC’s September 2021 crude oil, gas sales and proceeds garnered in October 2021. POLITICS NIGERIA reports.
👉 Relocate to Canada Today!Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada
See Other Top News:
- Vice President Leaves To Dubai For World LPG Week
- Shehu Sani Reacts As UNIABUJA Prefers Vigilantes Over Military For Students’ And Staff Safety
- 12-Year-Old Sylvester Last Words; Father Reveals What Happened Immediately After He Died
- I’m Not Happy Over Buhari’s Refusal To Pay My Daughter’s Salary – Galadima
Till now, the NNPC has remained the sole importer of petrol into the country, due to other marketers’ inability to import the commodity and access the US dollar. Information Guide Nigeria
However, the decision to deduct remittances to FAAC has raised concerns, especially among state governors. One of them is the governor of Kaduna State, Nasir El-Rufai, who criticized the high cost of fuel subsidies as ‘unreasonable’. jamb results
Also, a popular economist and Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, said the decision might bring a serious challenge to the government, if not handled properly.
👉 Relocate to Canada Today!
Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada
Information is Power!
Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.
👍Advertise your business on InfoGuideNigeria.com!
From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.
Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us for immediate removal.
🤑 Start Making Money from home today!