Subsidy: Governors accuse NNPC of fraud, secrecy

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 24%
  • Publisher: 78%

At a meeting with the NLC, the governors said until the truth about the plans on NNPC is made known, many people would be uncomfortable with the subsidy removal.

Nigeria Headlines News

Nigeria Latest News, Nigeria Headlines

On the heels of plans by the federal government to remove subsidy on fuel, the Nigerian Governors’ Forum has accused the NigerianThe governors said with the NNPC limited, there are raging questions of accountability with regards to subsidy and that until the truth about their plans is made known, many people would be uncomfortable with the subsidy removal.

The Minister of Finance, Zainab Ahmed, had said removing fuel subsidy will worsen the situation and impose more difficulties on Nigerians and President Muhammadu Buhari. The Chairman Forum and Governor of Ekiti State, Kayode Fayemi, said it has become necessary for the two groups to carefully verify all of NNPC’s estimates to ensure that whatever action is taken on subsidy, would make the people direct beneficiaries and not a few wealthy individuals and their cronies in the country.

“…Because there is a lot of fraud in the consumption and distribution figures that the country is getting and we can only move forward if the NLC engages all those who are knowledgeable in the field like PENGASSAN to conduct a thorough research into the sector before any further action is taken on subsidy.

In his contribution, the Edo State Governor, Godwin Obaseki, warned that Nigeria has a choice of continuing to spend or take concrete actions on a permanent problem – rather than throwing away N3 trillion on subsidy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SUBSIDY/ FRESH 3 TRILLION NAIRA BORROWING OIL90$ we're officially in trouble in the hands of these aliens from futa jallo Another 3 trillion naira in borrowing, for fuel SUBSIDY APC and these aliens from futa jallo has finally hang the south😳😳😳😳😳

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NNPC wants N3 trillion for fuel subsidy in 2022 – MinisterThe finance minister said only N443 billion is presently available in the 2022 Budget for subsidy from January to June. Kibamu account number Za mu taimaka, Wonderful!!! Last year and the year before not a single Kobo was in the budget for subsidy. Now all of a sudden they need 3 trillion! Corruption in the NNPC
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Govs, NLC doubt fuel consumption, NNPC demands N3tn for subsidy - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Subsidy: NNPC may deduct over N1tn from FAAC in six months - Punch NewspapersThe most widely read newspaper in Nigeria Election money! Integrity is a most costly thing for any government to lose.
Source: MobilePunch - 🏆 8. / 63 Read more »

Newspaper Headlines: NNPC may deduct over N1trn from FAAC in six months for petrol subsidy | TheCableThe harmonisation of the electoral act amendment bill by the two chambers of the national assembly appeared on the cover pages of Nigerian newspapers. Who subsidized who before president Buhari win election after win election we subsidized Nigerian petroleum
Source: thecableng - 🏆 2. / 80 Read more »

NNPC Requests N3trn As Fuel Subsidy For 2022The Nigerian National Petroleum Corporation has requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022. Borrow am from the profit wey u make last year. We dey owe well abeg I weep for this country Nigeria. It’s a disaster all round We were told this NNPC has been privatized. So who are we paying the subsidy to and for what exactly?
Source: channelstv - 🏆 7. / 63 Read more »

NNPC secures $5bn funding from Afreximbank for Nigeria’s oil industryNNPC and Afreximbank agree to intensify efforts at deepening investment in Nigeria’s oil sector. SUBSIDY/ FRESH 3 TRILLION NAIRA BORROWING OIL90$ we're officially in trouble in the hands of these aliens from futa jallo Another 3 trillion naira in borrowing, for fuel SUBSIDY APC and these aliens from futa jallo has finally hang the south😳😳😳😳😳 SUBSIDY/ FRESH 3 TRILLION NAIRA BORROWING OIL90$ we're officially in trouble in the hands of these aliens from futa jallo Another 3 trillion naira in borrowing, for fuel SUBSIDY APC and these aliens from futa jallo has finally hang the south😳😳😳😳😳
Source: PremiumTimesng - 🏆 3. / 78 Read more »