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By Emmanuella Anokam, News Agency of Nigeria (NAN) No policy in Nigeria’s petroleum industry has generated more controversy than subsidy removal. Since the return to democracy in 1999, it has defied ministers and even the entire lifespan of administrations. The argument is that the pump price of Premium Motor Spirit (PMS) commonly known as petrol |
No policy in Nigeria’s petroleum industry has generated more controversy than subsidy removal. Since the return to democracy in 1999, it has defied ministers and even the entire lifespan of administrations. The argument is that the pump price of Premium Motor Spirit (PMS) commonly known as petrol by is lower than international benchmarks. Proponents of
Sector operators have hinted that PMS pump price could go up as high as N600 per litre if subsidy for the product is removed. | Pulse Nigeria
Facts emerged on Thursday that the sum of N13.7 trillion ($74.386 billion) was spent on the payment of fuel subsidy between 2005 and 2020
The New Patriotic Party Parliamentary Candidate for the Mion Constituency, Hon Musah Abdul Aziz Ayaba, has for the first time in 28 years, won the Mion seat for the NPP. He pulled 21,552 votes to beat his closest contender and the incumbent MP, Hon Abdul- Aziz Mohammed of the NDC, who pulled 14,158 votes to kiss the Mion seat goodbye. The NPP Presidential Candidate, Nana Akufo-Addo, also won the Presidential votes for the second time since 1996. He secured 18, 410 of the votes to beat the NDC's John Dramani Mahama, who obtained 16488 votes. The NDC has dominated the Mion constituency winni...