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Nairaland Forum / Nairaland / General / Politics / Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu (779 Views)
Ibe Kachikwu Shakes Baru At The Nigerian Economic Summit, Earlier Today / Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo / FG Currently Not Paying Subsidy On Petrol- Dr Ibe Kachikwu (2) (3) (4)
Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by morereb10: 7:48am On Dec 28, 2015 |
The Minister of State for petroleum, Ibe Kachikwu revealed yesterday, December 27, 2015, owing to the current low price of crude oil in the international market. The minister said the suspension would continue as long as the price remain low. Kachikwu who disclosed this to reporters on Sunday in Kaduna, claimed that if the price of crude oil increases, the situation will be managed by what he called a "price modulation" in the oil sector. However, the Minister of State for petroleum said price modulation is not a total removal of subsidy on petrol. Kacikwu also revealed that there would be a periodic review of the Petroleum Pricing Template and a managed pricing system. He said that the government is more interested in the price modulation that would be introduced at the beginning of 2016, instead of the outright removal of subsidy. After his inspection of the Kaduna and Port Hacourt refineries, Kachikwu commented that their combined daily production is expected to reach 10 million litres in January 2016. He also promised the revamping of other refineries in the country. - read more at http://www.exlinklodge.com/2015/12/federal-government-has-suspended-paying.html cc lalasticlala
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Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by INTROVERT(f): 7:49am On Dec 28, 2015 |
watching |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by morereb10: 7:51am On Dec 28, 2015 |
I dey watch them for 4D Tv oooo read more at http://www.exlinklodge.com/2015/12/federal-government-has-suspended-paying.html |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by ademega(m): 7:52am On Dec 28, 2015 |
I just trust this government. 2 Likes |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by Airforce1(m): 8:20am On Dec 28, 2015 |
I hope they are not deceiving us again |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by iykenex(m): 8:41am On Dec 28, 2015 |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by Vikkie14: 9:08am On Dec 28, 2015 |
ademega:Can Politicians be TRUSTED? |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by modath(f): 9:18am On Dec 28, 2015 |
One doesn't even know what to believe again. |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by rolchi(m): 9:29am On Dec 28, 2015 |
modath: Exactly my thoughts as well. |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by ademega(m): 9:44am On Dec 28, 2015 |
Vikkie14:I know, I just trust them. |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by drss(m): 9:46am On Dec 28, 2015 |
Dis man kachukwu is beginning to talk like parrot. |
Re: Federal Government Has Suspended Paying Subsidy On Petrol - Ibe Kachikwu by Nobody: 10:12am On Dec 28, 2015 |
Great decision |
(1) (Reply)
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