Nigeria's Fuel Subsidy Cost N1.16 Trillion in 2021, Says RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) reported that Nigeria spent N1.16 trillion on fuel subsidies in 2021, with additional costs for crude losses, pipeline repairs, and strategic stock holding.

7 Aug, 07:29 — 7 Aug, 07:29

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vanguard-ngMixed2h ago

Fuel Subsidy gulped N1.16trn in 2021 – RMAFC

The chairman added that aside the fuel subsidy, crude and product losses also accounted for N16.20 billion, pipeline repairs N22.05 billion and strategic stock holding N6.75 billion. The post Fuel Subsidy gulped N1.16trn in 2021 – RMAFC appeared first on Vanguard News.

By Akinbayo Wahab

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Nigeria's Fuel Subsidy Cost N1.16 Trillion in 2021, Says RMAFC

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Fuel Subsidy gulped N1.16trn in 2021 – RMAFC

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