I Don’t Know How Much Nigeria Is Spending on Fuel Subsidy, Kachikwu Says

Samuel Oyejola, Abuja

The former Minister of State for Petroleum Resources, Dr Ibe Kachikwu has said he doesn’t know the exact amount Nigeria is spending on Fuel subsidy monthly or annually.

Dr Ibe Kachikwu disclosed this while fielding questions from journalists in Abuja.

His words: ”Frankly, for any information on subsidy, you have to talk to the Nigerian National Petroleum Corporation because they monitor subsidy and they are the sole importer and supplier.”

FactualTimes reports that the federal government and NNPC have not being transparent on issue of fuel subsidy in Nigeria.

The country may have spent about N10 trillion in the provision of pump price subsidy on imported petroleum products from 2006 to 2018

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: