Nigeria spent ₦1.16trn on fuel subsidy in 2021 – RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed that Nigeria spent ₦1.16 trillion on petrol subsidies in 2021, while an additional ₦1.20 trillion was directly deducted from the federation’s crude oil sales proceeds. RMAFC Chairman, Dr. Mohammed Bello Shehu, made the disclosure on Thursday in Abuja during a presentation before the Senate Public […]