FG spent N8.9tn on subsidy between 2006 and 2015… PPPRA‎

0

 

The Federal Government spent N8.94 trillion on petrol subsidy during a 10-year period between 2006 and 2015, according to the Petroleum Products Pricing Regulatory Agency (PPPRA).‎

Data from the PPPRA showed that in 2006, 2007, 2008, 2009 and 2010, the Federal Government spent N257.36bn, N271.51bn, N630.57bn, N469.31bn and N667.08bn, respectively, to subsidise Premium Motor Spirit, also known as petrol.‎

‎The PPRA, in the data released on Monday, also disclosed that the government paid N2.104tn, N1.354tn, N1.315tn, N1.217tn and N653.51bn on petrol subsidy in 2011, 2012, 2013, 2014 and 2015.‎

The PPPRA had in March commenced the deregulation of the downstream oil sector in a bid to finally put an end to the payment of subsidy on petrol. ‎

See also  CAC generated over N56bn in 3 years, remitted only N169m to FG

Untitled Document

You can always reach us through these channels

Facebook: https:/www.facebook.com/ancitymedia

Instagram: https://www.instagram.com/ancitymedia

Youtube Channel: https://youtube.com/@ancitymedia

 

Phone Numbers: 07062501185, 09038738731

E-Mail: info@ancity.com.ng, anambracity@gmail.com

Copyright.

This Post: FG spent N8.9tn on subsidy between 2006 and 2015… PPPRA‎ was approved and published by Ancity Media Editor and may not be republished elsewhere without prior written permission from the Editor.


Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More