The President while campaigning in 2015, kicked against the fuel subsidy scheme that was implemented by the previous administration The subsidy spending on Premium Motor Spirit, popularly called petrol, by the administration of the President Muhammadu Buhari, will hit N11 trillion from when it came to power in 2015 till May 2023, baring any unforseen circumstances that could make it more. Already the government has, according to a report by Punch, spent about N6.88tn in subsidising the commodity, according to data obtained from the Nigerian National Petroleum Company Limited…
Read MoreBuhari’s Fuel Subsidy Spending Balloons To N11trn in 8 Years
