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Kachikwu: Fuel subsidy cost Nigeria $65bn in four years

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NaijaPilot:
Kachikwu: Fuel subsidy cost Nigeria $65bn in four years

MINISTER of State for Petroleum Resources, Ibe Kachikwu, has said subsidies for petrol and kerosene cost Nigeria $65bn between 2011 and 2015. According to Kachikwu, the amount excluded an estimated $6bn lost by the country to vandalism of oil and gas infrastructure. Daily Trust quoted the minister as saying this on Thursday in a presentation […]
Source: Kachikwu: Fuel subsidy cost Nigeria $65bn in four years

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post culled from nigerianpilot.com

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