FG approves N407 Billion Budget for Fuel Subsidy in 2016

FG approves N407 Billion Budget for Fuel Subsidy in 2016

It has appears that the lingering fuel scarcity will soon come to an end as the Federal government has approved the release of N407.07 billion as subsidy payment to oil marketers. A statement from the Minister of Finance Kemi Adeosun released today, states that the money will be used to pay up subsidy arrears as well as pay up subsidy for the year 2015.

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