Energy
A decision must be made about petrol subsidy by June – NEC
A decision must be made about petrol subsidy by June – NEC.
The National Economic Council (NEC) has revealed that Nigerians must expect that a decision on petrol subsidy must be made by June,because that is when the provision for its payment in the 2022 budget expires.
The Governor of Nasarawa State, Abdulahi Sule gave this update on behalf of the NEC, after a meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
Sule who was joined at the post-NEC press briefing by Edo state Governor Godwin Obaseki, noted that the Nigerian National Petroleum Corporation (NNPC) must be run differently since it is now a limited liability company.
Revealing that the federal government spends about N2 trillion on petroleum subsidy, an amount which can be used for other things, Sule added that the NEC wondered whether that should be allowed to continue in a situation where only two thirds of the states of the federation consume the subsidy.
-
Latest1 week agoAPC’s Asogwa wins Enugu North senatorial by-election by wide margin
-
Latest1 week agoAPC, PDP clinch key by-elections as INEC declares winners in Kano, Rivers
-
Latest1 week agoOyebanji extends lead as APC dominates Ekiti governorship race with 91% of results uploaded
-
Politics1 week agoPRP presidential primary heads to court as aspirant challenges Donald Duke’s nomination
-
Latest4 days agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Politics1 week agoWike-backed Lagos PDP extends olive branch to Bode George ahead of 2027 realignment
-
Football1 week agoJapan crush Tunisia 4-0 in historic 1,000th World Cup match as Curacao earns first-ever point
-
Latest1 week agoOyebanji secures landslide re-election as INEC declares APC winner of Ekiti governorship poll