President Muhammadu Buhari’s government could spend up to N10.976 trillion to subsidise Premium Motor Spirit (PMS), otherwise known as petrol in its eight years – from May 2015 to May 2023. Data from the Nigerian National Petroleum Company Limited and the Nigeria Extractive Industries Transparency Initiative, obtained by The PUNCH shows that President Buhari’s administration had ready spent about N6.88tn to subsidise the commodity.
Data from the Nigerian National Petroleum Company Limited and the Nigeria Extractive Industries Transparency Initiative, obtained by The PUNCH shows that President Buhari’s administration had ready spent about N6.88tn to subsidise the commodity.
President Muhammadu Buhari’s government could spend up to N10.976 trillion to subsidise Premium Motor Spirit , otherwise known as petrol in its eight years – from May 2015 to May 2023.Data from the Nigerian National Petroleum Company Limited and the Nigeria Extractive Industries Transparency Initiative, obtained by The PUNCH shows that President Buhari’s administration had ready spent about N6.88tn to subsidise the commodity.
"If anybody told me about subsidy, he is a fraud. There is so much fraud I don’t want to talk about, but the day I have to talk about it, I will invite a petroleum economist to come and tell me who is subsidising Nigerians,” he fumed.Buhari further argued that during his time as a petroleum minister, from 1976-78, there was no mention of subsidy payment.
During electioneering in 2015, APC promised to fix the country’s refineries but Buhari only has about seven months left to fulfil the promise as his tenure ends in May 2023.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buhari Condemns Herder, Farmer Killings In BenuePresident Muhammadu Buhari and his administration have condemned the recent attacks in Benue State.
Read more »
Buhari condemns Benue Herders-farmers killingsPresident Muhammadu Buhari, yesterday, condemned the recent attacks in Benue State, describing the development as unacceptable.
Read more »
Buhari off to South Korea for World Bio SummitPresident Muhammadu Buhari will Sunday leave Abuja for Seoul, South Korea, to participate in the First World Bio Summit, 2022. The President will be
Read more »
President Buhari Off To South Korea For World Bio SummitPresident Muhammadu Buhari will Sunday depart Abuja for Seoul, South Korea, to participate in the First World Bio Summit 2022.
Read more »
President Buhari inaugurates 1bn dollars petroleum products off-take facility | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari inaugurated the Pinnacle Oil and Gas FZE Terminal in Lekki, Lagos, on Saturday saying the operations of the facility would ease congestion at the Apapa Port area.
Read more »
Buhari attends First World Bio Summit in South KoreaPresident Muhammadu Buhari will on Sunday depart Abuja for Seoul, South Korea to participate in the First World Bio Summit, 2022.
Read more »