Tag: subsidy
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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…
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“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…