Subsidy gulped N8.94tn in ten years, as petrol scarcity looms over tanker drivers strike | International Centre for Investigative Reporting

DATA from the Petroleum Products Pricing Regulatory Agency (PPPRA) revealed that over a 10-year period, the Federal Government consistently spent N8.94 trillion in subsidising Premium Motor Spirit, (PMS) also called petrol. Between 2006 and 2010, the Federal Government had spent N257.36 billion, N271.51 billion, N630.57 billion, N469.31 billion and N667.08 billion, according to records released…

Subsidy gulped N8.94tn in ten years, as petrol scarcity looms over tanker drivers strike | International Centre for Investigative Reporting

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