$1.6 billion TAM and N971 billion fuel subsidy

NIGERIA’S profligate spending on fuel subsidy will continue in 2014 with the N971.1 billion provided for it in the budget. A breakdown of the budget released by the Ministry of Finance states, “Subsidy payments were maintained at the 2013 level of N971.1 billion.” Such spending this year is questionable, given the Turn Around Maintenance of the country’s four refineries that began in January



via Ashiwaju.Org http://ift.tt/1dNUWlJ