TheNewsGuru

Tag: Under-Recovery

  • N800bn ‘fuel subsidy’ drags down govt’ revenue

    N800bn ‘fuel subsidy’ drags down govt’ revenue

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    by

    Ediri Oyibo
    in , ,

    The Nigerian National Petroleum Corporation (NNPC) at the moment spends N53 under-recovery in terms of petroleum products pricing for every litre of Premium Motor Spirit (PMS) consumed by Nigerians. TheNewsGuru (TNG) reports Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze made this known while fielding questions from participants at the…