By Olatunde Dodondawa There is an indication that the Nigerian Labour Congress may be against fuel subsidy removal as it warns the Petroleum Products Pricing Regulatory Agency (PPPRA) not to remove price cap on premium motor spirit (PMS) otherwise called petrol until domestic refining capacity improves. In a letter signed […]
Tag: FUEL SUBSIDY
FG spends over N15.6bn on fuel subsidy in 7 days
By Olatunde Dodondawa There are strong indications that the provision of N450billion for fuel subsidy in the year 2020 budget may be inadequate because the Federal Government has already spent over N15.6billion for subsidy on premium motor spirit (PMS) otherwise called petrol in just seven days. According to investigation by the Saturday Tribune, […]
How Nigeria squandered N8.4trillion on fuel subsidy in 10 years
Olatunde Dodondawa | Lagos Nigeria is the 10th largest producer of crude in the world with capacity to produce 2.5million barrels per day, it has the 10th largest crude oil reserves in the world with 36billion barrels in proven reserves, it has the 9th largest proven gas reserves estimated […]