This was contained in a statement signed by the Chamber’s President, Gabriel Idahosa, and made available to newsmen on Friday.
Browsing: Petrol subsidy
The former Vice President said this accounts for the refusal to reveal how much is being spent on petrol subsidy
He stated this in his keynote address during the opening ceremony of the 7th Nigerian International Energy Summit.
The President said the savings would have been lost to the pocket of a few who have been benefitting from the subsidy
El-Rufai spoke at the “State-of-the-State” session at the on-going NESG, on Monday in Abuja.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Monday in Abuja.
The Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, made this known in Abuja on Monday
They disclosed this in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos.
Nwakwue spoke at the first WhatsAppinar organised by leading e-Community of intellectuals, opinion leaders and policy moulder in Africa, Platforms Africa Forum, tagged: “Platforms Africa e-Discourse.”
In series of interviews with knowledgeable players in the sector, the News Agency of Nigeria is reporting authoritatively that the landing costs per litre of petrol is higher than the price Nigerians pay at the pump
Subsidy on petrol was stopped in January after the review of the pricing template of the product by the government