FG spent N650.2bn on petrol subsidy in 12 months —Report
The Federal Government spent a total N650.2bn in subsidising Premium Motor Spirit; latest statistics obtained from the Nigerian National Petroleum Corporation have shown. The PMS, popularly known as petrol, is imported into Nigeria solely by the Federal Government-owned NNPC. The corporation subsidises the commodity to ensure that it is not sold above N145 per litre…