Thursday 3 September 2015

SUBSIDY DEBT RISES TO N314BN AS FG DITHERS

The total fuel subsidy debt owed by Nigeria to importers of petroleum products has swelled to N314 billion as President Muhammadu Buhari hesitates on its removal, oil and gas sources tell BusinessDay.
 
“Not a kobo in subsidy has been paid since Buhari was sworn in,” one licensed importer of petroleum products said.
 

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