
President Tinubu Approves Payment Of Fuel Subsidy – Report
Tinubu Approves Payment Of Fuel Subsidy – Report President Bola Tinubu has approved the request of the Nigerian National Petroleum Company Limited (NNPCL) to use the 2023 dividends due to the federation to pay for petrol subsidy, according to TheCable. The president also approved the suspension of the payment of 2024 interim dividends to the federation in order to augment the oil firm’s cash flow. Although Tinubu announced the removal of fuel subsidy during his inaugural address on May 29, 2023, there have been strong indications that government still spends billions on subsidy. However, the Federal Government has consistently denied…









