In view of the elimination of gasoline subsidies, Mr. Wale Edun, Minister of Finance and Coordinating Minister for the Economy, has revealed that N2 billion of the N5 billion designated for palliative has already been transferred to each state government. Read Full Article
Key government representatives, including the Minister of Budget, Mr. Abubakar Bagudu, Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Mele Kyari, Director General of the Budget Office, Mrs. Patience Oniha, Senior Assistant to the President on Tax Reforms, Mr. Zacch Adedeji, and Chairman of the Presidential Tax Reform Committee, Mr. Taiwo, were present at the meeting where Edun made this announcement on Friday.
According to Edun, the monies are being released in stages to prevent inflation.