Kyari: NNPC Limited Lost N2.8trn To Oil Subsidy in 15 Months
He said the company incurred the loss due to the inability of the Federal Government to pay for subsidy.
He said the company incurred the loss due to the inability of the Federal Government to pay for subsidy.
The probe covers about a quarter-million trucks made by Daimler from the 2017 through 2022 model years.
These investments symbolize our shared future, promising considerable, long-term benefits for all Nigerians
The Professor of Financial Economics says the president’s plan to increase GDP by 6% in the short term would require a “miracle” if hindrances are not taken out of the way.
The new President said he would rather re-channel the funds into better investments that will materially improve the lives of millions.
He said money previously meant for fuel subsidy will now be used to better the Nigerian economy.
“The passage of the Petroleum Industry Act 2021 and the consequent establishment of the NNPC Limited, are expected to increase investments and strengthen oil revenues.”
They Urged the president-elect to tackle oil theft, raise oil production and end subsidy.
The outgoing governor had earlier in the year listed Cally Air as one of the state’s assets to be concessioned to private firms.
It counseled the next administration to reduce its reliance on debt to pay for expenses.
The AON said there is lack of sincerity and transparency in the process of establishing a national carrier by the Minister.
The fall of the Rand will contribute to South Africa’s high inflation rate.
He said despite the “failure” of Buhari’s administration, they have had some wins but this particular move was very unnecessary and uncalled for.
She also called on the President-elect to carefully select those who would aid his administration based on competence.
They said Sirika’s promise to deliver Nigeria Air by May 29, 2023, was a contemptuous action and invitation to anarchy.
He also urged Dangote to make petrol cheaper for Nigerians, having benefitted from government funding.
The NBS attributed the decline in GDP to the adverse effects of the cash crunch experienced during the quarter.
The Bank’s President, Akinwumi Adesina, called out developed nations for not keeping to the pledge of $100bn yearly.
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The NDIC assured customers of speedy resolution of claims, saying there is no cause for panic.
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