The Federal government of Nigeria (FGN) is desirous of discontinuing subsidies on prices of Petroleum Products because this poses a huge financial burden on the government. The total projected subsidy reinvestible funds per annum is Nl.134 trillion based on average crude oil price of US$ 90 per barrel. The Federal government has decided to channel its own share of the resources into a combination of programmes to stimulate the economy and alleviate poverty.
Original Description:
Original Title
Subsidy Reinvestment and Empowerment Program Document(2)
The Federal government of Nigeria (FGN) is desirous of discontinuing subsidies on prices of Petroleum Products because this poses a huge financial burden on the government. The total projected subsidy reinvestible funds per annum is Nl.134 trillion based on average crude oil price of US$ 90 per barrel. The Federal government has decided to channel its own share of the resources into a combination of programmes to stimulate the economy and alleviate poverty.
The Federal government of Nigeria (FGN) is desirous of discontinuing subsidies on prices of Petroleum Products because this poses a huge financial burden on the government. The total projected subsidy reinvestible funds per annum is Nl.134 trillion based on average crude oil price of US$ 90 per barrel. The Federal government has decided to channel its own share of the resources into a combination of programmes to stimulate the economy and alleviate poverty.