famous casinos not on gamstop reviews
Nigerian NewsPolitics & EconomyTech & Energy

FG Reveals Those Benefitting From Fuel Subsidy

fuel-subsidy
Photo credit: Nigeria Info

The Minister of State for Budget and National Planning, Clem Agba, has revealed that only wealthy Nigerians are benefitting from the fuel subsidy.


Agba said during the leadership and governor’s discussion on open government partnership in Abuja on Tuesday.


“Some will say if you take out fuel subsidies the ordinary will suffer; how will the ordinary man suffer? Is it in terms of food? Vehicles that are used for moving food are heavy-duty vehicles. They don’t use PMS; they use diesel and that has since been deregulated. Those that we are actually subsidising are the very rich.”

The minister reiterated the need to deregulate the downstream petroleum through the removal of fuel subsidy.

Related posts

Long-Serving Illinois Senator Dick Durbin Says He Will Retire And Will Not Re-Contest Next Year

Soyiga Samuel

Boiler Feed Pump: The Key To The Efficiency Of Boiler Systems From SNT Slovakia s.r.o.

Chinazo Jules

Video: Viewers Write Off Blue Origin’s Space Travel As Fake After Crew Opens Shuttle Door From Inside

Irene Chimdi

Chinese TikTokers Expose Actual Cheap Cost Of Luxury Branded Items, Urge The World To Buy Directly From Them

Tochukwu Nwajagu

Trump To Be Investigated For Insider Trading After Hinting At A Buy Market Before Pausing New Tariffs Which Caused A Spike Stock Price

Tochukwu Nwajagu

Holiverse: Technology Trends and Community Perspectives

Chinazo Jules

Leave a Comment