Nigeria spent N722.3 billion on fuel subsidy in 2018 - NEITI Report

The amount was deducted from the N2.3 trillion the government realised from sales of domestic crude oil allocation in 2018, the report stated.

The lifting by NNPC indicates an increase of 5.95 per cent when compared to 241 million barrels lifted in 2017. Ordinarily, 160.2 million barrels should have been allocated for domestic consumption, but only 107.63 million barrels, or 67 per cent of the customary allocation for domestic consumption, were allocated in 2018.

Total earnings from the oil and gas sector during the year was about $32.63 billion, a 55 per cent increase from the $20.99 billion realized from the sector in 2017.A breakdown of the $32.63 billion earned in 2018 showed that company-level financial flows into government coffers were about $16.6 billion, while flows from sales of federation crude oil and gas amounted to $16 billion.

More than enough to educate millions

I thought you and baba have abolished subsidy. Nigerians deserve an apology.

Thieves 🙄

This our government is rubbish, but they said they’re not paying for subsidy again..... 9ja scam

Government of integrity.😀👍

And no good health care in the country 🤦‍♀️👏🏿👎🏿🔥

So, we're still paying subsidies and is yet as high as this?

Igun kee you people there

Imagine spending this amount on health care

How those that affect us now

This is not sustainable and must be discontinued.

I thought there's nothing like SUBSIDY. STOP this your fraud!

In 2016 or 2018 government announced the removal of all fuel subsidy that's why they increased the price.

MBuhari ProfOsinbajo . Posterity will remember these atrocities.

Na their problem be That

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