The Nigerian National Petroleum Corporation (NNPC), in a period of three and a half years, paid itself a total of N1.53 trillion as subsidy on Premium Motor Spirit (PMS) popularly known as petrol.

The details of the N1.53 trillion PMS subsidy amounts which was paid between January 2017 to June 2020 are as follows

2017 – N144.53 billion
2018 – N730.86 billion
2019 – N551.22 billion
January to June 2020 – N106.99 billion

In 2016, no amount was spent on subsidy, but the government paid...

Read full article at https://investogist.com/deregulation-nnpc-paid-itself-n1-53trn-as-subsidy-for-petrol-in-three-and-half-years/

Investogist:
The Nigerian National Petroleum Corporation (NNPC), in a period of three and a half years, paid itself a total of N1.53 trillion as subsidy on Premium Motor Spirit (PMS) popularly known as petrol.

The details of the N1.53 trillion PMS subsidy amounts which was paid between January 2017 to June 2020 are as follows

2017 – N144.53 billion
2018 – N730.86 billion
2019 – N551.22 billion
January to June 2020 – N106.99 billion

In 2016, no amount was spent on subsidy, but the government paid...

Read full article at https://investogist.com/deregulation-nnpc-paid-itself-n1-53trn-as-subsidy-for-petrol-in-three-and-half-years/

only pms