Subsidy Removal: Senate, NLC, fault proposed N5,000 monthly payment for Nigerians

  Nigerians will spend about N6.732tn on the purchase of Premium Motor Spirit, popularly called petrol, within a period of 12 months once the Federal Government stops subsidising the commodity from February next year, investigations have revealed. This came to the fore on Wednesday as the Nigeria Labour Congress described government’s plan as a “penny wise-pound foolish” gamble. The Senate and economic experts also faulted the Federal Government’s plan to pay N5,000 each to 40 million Nigerians to cushion the effect of fuel subsidy removal. The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, had on

By |November 25th, 2021|Categories: News|Tags: , , , |0 Comments
Go to Top