FG not paying subsidy to marketers — Adeosun - Plushng
Connect with us

Politics

FG not paying subsidy to marketers — Adeosun

Published

on

ABUJA—THE Federal Government, yesterday, explained the controversy surrounding the issue of subsidy payment, saying  technically, no subsidy was being paid to the importers of petroleum products, but Nigerian National Petroleum Corporation, NNPC, to take care of the under recovery from the loss incurred in the importation.

The under recovery, which the NNPC pays to cover the loss, was money that should have been shared among the three tiers of government.

Minister of Finance, Mrs. Kemi Adeosun, made the explanation while fielding questions from State House correspondents, after the weekly Federal Executive Council, FEC, meeting, presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sponsored Ads

Advertise with Plushng

Like Us Facebook