Nigeria spends N18.69 billion daily on subsidy - Finance Minister

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The Minister of Finance and National Planning, Zainab Ahmed, has disclosed that Nigeria spends N18.69 billion daily on petroleum subsidies. She stated

The Minister of Finance and National Planning, Zainab Ahmed, has disclosed that Nigeria spends N18.69 billion daily on petroleum subsidies.

The Minister claimed Nigeria consumes 64 million litres per day. and that the figure could have been influenced by smuggling.She noted that some of the products are being smuggled outside the country, adding that during COVID-19 locked down, daily consumption dropped significantly. The minister disclosed that the landing cost of petroleum is N448 per litre and that the NNPC takes care of the rest through under recovery.

 

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Democracy2dayy I think PMB said there was nothing called subsidy so where did he find it?

Agbado Finance Minister.

The only President i can trust and believe whatever he says about the state of affairs of this ailing nation is YeleSowore. He knows the right treatment for all of you. Those who should go to jail will go to jail. Those who should be disgraced will get their full measure.

When the whole world declares that Nigeria is corrupt, what exactly do you think they are talking about? This is it.

Na wa o

Gaaaaaaad!!!! What's all these crap?!!!!

Since when?

Thunder fire you

She is more dangerous than El- rufia

Subsidy payment will surely paralyse Nigeria. Owing a car is luxury and not a necessity.

This government of APC OfficialAPCNg has finished Nigeria completely nothing is left. The subsidy you told us was a scam is now 18.69billion daily.OfficialPDPNig wasn't this corrupt. 7years gone no refinery is working, God help us NgLabour for the rescue.

Nothing in this nigeria that we not hear. Let she explain how? You people don't let her go like that.

Can somebody tell me this is not true. I still remember when Buhari prior to 2015 election said there was nothing like subsidy. O my God. The future of this country has been mortgaged by those that are saddled with the responsibility of securing it. How do these people even sleep

Na lie,

Up till now?

Peter Obi said that the subsidy is a scam, it doesn't help in any manner, if you use the fuel subsidy money and invest it in Power sector, it would provide millions of job, who are you deceiving, you keep on spending Billions and eating it on subsidy

The Numbers are not emerging finance ministers.

Subsidy that end up in the acc of looters

This finance minster self... In fact everybody in this Buhari cabinet are just there ...No one of them was suppose to be close to power, but, see what we have?

I don't know Who send this woman to this country... Lord help us.

Zainab Ahmed the greatest woman thief in the wolrd

fulani na wetin? N18.69B daily ? To where ? Niger Republic? TOTAL = N751B + N18.69 =N769.69B LOOTED BY FULANI.

Democracy2dayy In 2015,APC n d Ojota gang accused GEJ of fraudulently payg subsidy on petrol. Since Buhari n APC came on,it hs bn a wave of endless deductions frm d fed acct for d same fraudulent payments. U4tunately,d Ojota gang ve all died n their diarrhea mouths shot 4ever! Shame on all of u

This na terrible news oh.🤦🏿‍♂️

You are fraudsters! Can you break down these subsidies, who and who gets them?

Where dem see this one....

You people are not going away with such heinous loot crime... Death is surely inevitable.

Lol this woman sef, she will just pronounced some numbers and I always feel like deckking her mouth. The billions she claimed was given to Niger, those ones denied it.

Our own Nigeria or....is there another Nigeria that these people are not telling us about?

At least she has to mind her tongue

Then the subsidy should be removed and make the use of the money in a better way.

🥸🧐🤔🤨🥹🥹🥹🥹

This na day light ole

That is why we are where we are today,subsidies

JamesLi66730274 This people will cripple this country and run away they should be held accountable useless government

If she's your mother, the assurance that you'll live long is not certain....I guess the lies coming out from her mouth is hereditary

N 18.69 was this sacrifice for the Nigerian Poor's or richers ?this is nothing cos there's nothing change for the poos life, pls you should hide kind of this subsidy like you shared within them selves.

Whenever I see this face.............very obvious!!

Make dey continue...

May I urge all who ValueEducation to appeal to d NGRPresident NGRSenate HouseNGR to Immediately accord same subsidy to Tertiary Education to end ASUUNGR strike permanently. Ds admin shall be celebrated & supported to retain power as best possible FinPlanKaluAja1 DrJoeAbah

That's only good news we dey hear from unah While common man dey die for hunger

Where is the fuel to go along with this expenditure?

Na wa.. No wonder we are finished

How many vehicles do we have in Nigeria that you're subsidising so much for? Your subsidy is for Niger and other West African countries since you refused to monitor your porous borders in the North.

Scam

Same subsidy Buhari said does not exist? We want a transparent govt! Say no to corruption, say no to fraudulent diversion of our common wealth! Enough is Enough!

Make una fear God kwanu haba

God punish u for dz talk..y we dy masses no dy c changes

Hmm may God have.ercy k this A.P.C government

Na now u ma wan loot ur own money abi? If ur tenure finish EFCC the wait U.

Kwaropshon fighting kwaropshon. My PVC would respond to this come 2023.

This guys are stealing with impunity knowing fully well that there is immunity after handover

Even when they don’t know our daily consumption, Oga oo

You no get sense aswear. Una time don almost finish so make Una chop all the money wai Una need now.

Hmmm This finance minister, she is something else. So, after the commercialization of NNPC, the FG is still spending this much in fuel subsidy. Then what was the need for commercializing it?

Criminals without conscience

This fire that will burn this one not from this world. Useless country. I don’t even even know why God brought me here in the first place

ISE O YE YIN

Make una just dey spend our money on top waiting we no send una

₦18.69 billion spend daily on subsidy, that should be lie far from truth because the other day, the same Finance Minister claim they spent ₦1.145 billion to purchase 10 vehicles while Niger 🇳🇪 Gov't report they never receive such from Nigeria 🇳🇬 Gov't. All means is embezzled.

But Nigeria government yeye Sha..

They are milking this country with greed, stubbornness and ego.

Daily These people are unrepentant criminals. Tufiakwa!!!!

Una never chop the money tire ni

like my pin post and get automatic follow

Hhhhhhhhh

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