NNPC reports N400bn monthly subsidy spending despite falling oil prices, fuel scarcity
...the price per barrel of crude oil dropped from N50,036 in July 2022 to N38,606 in January 2023, representing a 22.84 percent decrease.
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#ChartoftheDay: Nigeria has Spent Over 10 Trillion Naira on Fuel Subsidy in 14 Years
Nigeria has spent over 10.3 trillion naira on fuel subsidy between 2006 to 2019. Fuel subsidy is aimed at lessening the burden of the cost of fuel on Nigerians.