The International Monetary Fund (IMF) has warned that Nigeria’s growing subsidy bill will continue to constitute serious hindrance to the country’s economic growth. Despite spending an...
Fuel subsidy claims surpassed Nigeria’s oil and gas revenue by N210 billion in the first half of 2023, available data from NNPC’s monthly presentation to the...
Latest data on subsidy by the Nigerian National Petroleum Corporation (NNPC) Limited, showed that subsidy in May 2022 rose by 99.2 percent to N227.72 billion compared...