A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday and obtained by THISDAY yesterday in Abuja disclosed that Nigeria spent N731 billion to subsidise petrol consumption in the year under …
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The Nigeria National Petroleum Corporation, NNPC, has given reasons for paying ‘subsidy’ on petrol without appropriation from the National Assembly. The Managing Director of the Petroleum Products Marketing Company, PPMC, Umar Ajiya, said the NNPC Act is a law on its own which the corporation...
The News Agency of Nigeria, NAN, has confirmed that the federal government has been subsidising the price of petrol sold to the populace by oil marketers.
In several interviews conducted with authority figures at the NNPC and PPPRA, it was established that government has quietly been paying...
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