NNPC Laments As Subsidy Gulps ₦120 Billion Monthly - Nairaland / General - Nairaland
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| NNPC Laments As Subsidy Gulps ₦120 Billion Monthly by NewsGeh: 5:46pm On Mar 25, 2021 |
The Federal Government on Thursday through the NNPC Group General Manager (GMD), Mele Kyari, disclosed that it currently spends about ₦120 billion ($263,248 million) monthly on fuel subsidy. Mr. Mele Kyari, further explained that the actual cost of importation and handling charges amounts to ₦234 per litre, the government is selling at ₦162 per litre, which amounts to a subsidy of ₦72/Liter bought. READ MORE; https://newscentral.africa/nnpc-laments-as-subsidy-gulps-%e2%82%a6120-billion-monthly/
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