The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, says N2 billion has so far been released to each state government from the N5 billion earmarked for palliative in light of the removal of fuel subsidy.

Edun stated this on Friday during a briefing in Abuja attended by key government officials including the Minister of Budget, Mr Abubakar Bagudu; and the Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari.

Also in attendance were the Director General of the Budget Office, Mrs Patience Oniha; the Senior Assistant to the President on Tax Reforms, Mr Zacch Adedeji; and the Chairman of the Presidential Tax Reform Committee, Mr Taiwo Oyedele.

According to Edun, the partial release of the funds is to curb inflation.

On budget, the minister restated the position of President Bola Tinubu that the nation could not continue to service its debts with over 90 percent of its revenue.

For his part, Kyari noted that the consumption of Petrol Motor Spirit (PMS), or petrol, had dropped from 66.6 million litres to 46 million litres daily.

According to him, production has increased to 1.6 million barrels per day.

Parachoko:
20 million barrels that could have been exported to Cameroon, Niger and Benin.

taylor89:


200 millions of another people’s oil


What exactly does Yoruba export aside human skull?


Parasites

Parachoko:
How many Barrel of Oil is your Village in the South East producing Per Day?

taylor89:


Be like south east na una nightmare


Anybody wey no support APC is automatically from south east


Mumu people

Parachoko:
Be like Yoruba is your Nightmare.

Anybody wey dey support Asiwaju is automatically a Yoruba Man.

🤡

taylor89:
Yoruba Ronu oooo


Thanks to Chicago transgender


I don receive my own palliative

taylor89:
Yoruba Ronu oooo


Thanks to Chicago transgender


I don receive my own palliative

taylor89:


Which Yoruba dey support Tinubu?

Same Yoruba states Tinubu failed during last election

If not for Yakubu Tinubu for no get reach 100k votes nation wide

taylor89:


200 millions of another people’s oil


What exactly does Yoruba export aside human skill?


Parasites

peekspot:

https://www.channelstv.com/2023/09/01/subsidy-removal-n2bn-distributed-to-each-state-so-far-edun/

taylor89:


200 millions of another people’s oil


What exactly does Yoruba export aside human skull?


Parasites

Parachoko:
How many Barrel of Oil is your Village in the South East producing Per Day?

taylor89:


Be like south east na una nightmare


Anybody wey no support APC is automatically from south east


Mumu people

Tochitee:


Asswipe. Yoruba this. Yoruba that. we understand losers frustration,the same frustration that makes Pandora to shed tears.You wonder why the Yorubas is above your tribe?? It's God doing!

Parachoko:
How many Barrel of Oil is your Village in the South East producing Per Day?

taylor89:


Be like south east na una nightmare


Anybody wey no support APC is automatically from south east


Mumu people

taylor89:


Be like south east na una nightmare


Anybody wey no support APC is automatically from south east


Mumu people

TemplarLandry:
It's disheartening how greedy state CEOs will squander/hoard the funds.

peekspot:

https://www.channelstv.com/2023/09/01/subsidy-removal-n2bn-distributed-to-each-state-so-far-edun/