Black Market Sellers waiting for Customers along Aba Road in Port Harcourt weekend. Photo: Nwankpa Chijioke FILE
The Minister stated this when she briefed State House correspondents after the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.According to her, “We have not been able to develop an effective formula that will replace the current subsidy regime.‘As you know what works in Ghana and other countries, may not work here.
The Minister also explained the difference between under recovery and subsidy, stressing that under subsidy regime, money was paid directly to Independent Petroleum Marketers for the importation of fuels, while on under recovery, the Nigeria National Petroleum Corporation, is the sole importer of petroleum products.
vanguardngr U'd never see a formula dat works cos ur team is an assemblage of dullards.GEJ's team had it all figured out bt d zombie occupying ASO Rock & d likes of T Bakare frustrated it.PMB said subsidy was a fraud bt now funds it with trillions without budgetary allocation.Ridiculous!
vanguardngr Ghana sells fuel N 300 / litre pay minimum wage about 60,000
vanguardngr Remove subsidy at once, deregulate the market, pay living wage. Tax fuel consumption abd use the proceed to provide infrastructure like electricity and roads!
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FG to look into gradual removal of fuel subsidy, says Finance Minister - Vanguard NewsThere are credible indications that Pan Ocean Oil Corporation (Pan Ocean) remains operator of OML 98 Joint Venture, contrary to previous information regarding revocation of seven licences including OML 98. vanguardngr Story story.... na today vanguardngr Fuel price doubled, Buhari is still talking subsidy. Buhari is fraud. vanguardngr O ye idiots, fuel subsidy is a scam. Which subsidy una wan remove after MBuhari has long said there's no such thing as fuel subsidy. So all Nigerians are brainless Abi?
Herkunft: vanguardngrnews - 🏆 5. / 75 Weiterlesen »
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Herkunft: TheNationNews - 🏆 6. / 69 Weiterlesen »
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Herkunft: Daily Trust - 🏆 13. / 51 Weiterlesen »
No plan to remove fuel subsidy now —Finance ministerIt's only a brainless man will believe this guys... They are bunch of liers.. Nigeria will witness something soon. And we will get sense by force.. This woman should learn how to address policy issues. She doesn't know how to talk. Hon. Minister your statement was not straight.
Herkunft: MobilePunch - 🏆 8. / 63 Weiterlesen »