Nigeria's Fuel Subsidy Will Cost Government N450 Billion In 2020 -Finance Minister | Sahara Reporters

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Nigeria's Fuel Subsidy Will Cost Government N450 Billion In 2020 -FinMinNigeria Minister | Sahara Reporters President MBuhari had on Tuesday presented a budget proposal of N10.33 trillion to a joint session of the National Assembly, putting...READ MORE:

Mrs. Zainab Ahmed, the Minister for Finance, Budget and National Planning, says under-recovery of Premium Motor Spirit , popularly referred to as fuel subsidy will gulp N450 billion in 2020.Ahmed said, “We have a provision for under-recovery of PMS in the sum of N450 billion. If you look at the Budget office website, it is in the fiscal framework, which is an annexure to the budget.”

She explained further: “Some reforms will be tough but they must be done to look at the facts and be frank to ourselves. “However, we will engage the public sector in whatever we do, including any changes in taxes with regards to rates or administration methods.”

 

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Why not put this money in Education

450 billion Naira is the opportunity cost Nigeria has to pay for subsidy on fuel instead of spending this on health care and education to alleviate the suffering of the common man. wrong

FinMinNigeria MBuhari So we still have subsidy? It ok! Back to whatever I was doing.......

They are all thieves.

FinMinNigeria MBuhari Can you imagine that? The subsidy they used to increase fuel price by claiming they've taken it off? MBuhari is a bloody criminal tbh. This deceitful dirty pig is worst than Jonathan.

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Fuel subsidy to gulp N450bn in 2020 - Finance minister – Daily TrustMrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), fuel subsidy... After 5year,nor federal refineries working.What a joke? NekkaSmith So?....why is she reporting? without a political will to take action is tantamount to empty populist rheteoric fuel scam or subsidy
Source: Daily Trust - 🏆 13. / 51 Read more »