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.”
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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Source: Daily Trust - 🏆 13. / 51 Read more »