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Fuel Subsidy In Nigeria: A Look At The Figures by Databod: 9:43am On May 15, 2019
The Nigerian government in its bid to ease the effect of petroleum pump price on its citizens expended over #9.3 trillion on fuel subsidy over the past ten years. This has continued to raise burning questions in different quarters, with some calling for an end to the payment, while others expressing the need for government to continue the subsidy.

From 2008 to 2010, the federal government spent a total of #1.7 trillion on fuel subsidy, however, in 2011 alone, the federal government spent over #2 trillion subsidizing fuel. This sudden increase instigated the then President in the person of Goodluck Jonathan, to announce the removal of fuel subsidy on the 1st of January, 2012. However, the announcement was greeted by several protests across the country, with many stating their indignation at the removal, while others expressed their displeasure at the insensitivity of the government for making such an announcement on the 1st day of the year.

Re: Fuel Subsidy In Nigeria: A Look At The Figures by Nobody: 9:47am On May 15, 2019
For me, I think its high time we did away with this fuel subsidy.
cc lalasticlala

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