Posts by tag: fuel subsidies

Tinubu Approves NNPC's Use of Dividends for Fuel Subsidies Amid N68 Trillion Expenditure

President Bola Tinubu has given the green light to the Nigerian National Petroleum Company Limited (NNPC) to use its dividends to cover the cost of fuel subsidies. The strategy aims to ease the financial burden on the Nigerian government, with fuel subsidies already costing the nation around N68 trillion since the current administration began.