BusinessDay
Nigeria's leading finance and market intelligence news report.

Nigeria spent N8.9trn on subsidy in 10 years – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. PPPRA stated this in a document on subsidy payment released in Abuja on Monday. The agency said that the subsidy was paid to the Nigerian National Petroleum Corporation (NNPC)…



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