Business News

Nigeria’s Petrol Subsidy Payment Drops 36% in 2023 to N3.0trn

subsidy payments

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed a 36 per cent decline in subsidy payments made by the government in 2023 to N3.0 trillion from the N4.71 trillion paid in 2022. This was contained in an audit of the country’s petroleum industry by the transparency body, in a report presented […]