Senate approves N129bn subsidy payment for 67 oil marketers

The Senate has approved N129 billion as final subsidy arrears claim to 67 oil marketing companies.  This approval brought the total of all three approvals given by the Senate on subsidy payments between July last year and now to N545.9bn. The approval followed the adoption of the report of the Committee on Petroleum (downstream), chaired by Sen Kabiru Garba Marafa (APC, Zamfara).  The Senate last Tuesday approved another N68.9bn for 19 oil marketers, bringing the total to N416.9bn. The Senate also commended the Federal Government for its commitment to clear all subsidy arrears claims in order to put an end

By |May 31st, 2019|Categories: News|Tags: |0 Comments

“We Have Money For Subsidy Payment But No Money To Invest In Power, Others,” Emir of Kano Slams Govt

The Emir of Kano, HRH Muhammadu Sanusi Sanusi 11 (CON), says the Nigerian government must get rid of petroleum subsidies and think more about investing in power and infrastructure, otherwise the crisis to come in the future will be far heavier than the current state of the country. According to Sahara Reporters, the former governor of Central Bank of Nigeria (CBN) said this on Thursday during a courtesy call on Udom Emmanuel, Governor of the state, in his office in Uyo, the Akwa Ibom State capital. He also acknowledged Akwa Ibom as a very peaceful state and has recommended it

By |November 9th, 2018|Categories: News|Tags: , , , |0 Comments
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