• Subsidy Removal Saves Government N16.4bn Monthly, Says Kachikwu

    Subsidy Removal Saves Government N16.4bn Monthly, Says Kachikwu

    According to reports, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said the federal government would have had to shop for N16.4 billion every month to offset subsidy claims of petrol marketers if it had not taken the decision to remove subsidy on fuel consumption.

    Kachikwu explained in a tweet on his twitter handle @ibekachikwu that as at the time the government made the decision to end subsidy on petrol and subsequently hiked the pump price, it […]