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FG to lose 29% of October earnings as subsidy overshadows oil rally

by LOLADE AKINMURELE & DAVID IBIDAPO

October 10, 2018 | 2:45 am
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Nigeria’s Federal Government could lose as much as N67 billion to defending a retail petrol price of N145 per litre in October, according to BusinessDay estimates. That is 29 percent of the estimated N233.4 billion oil earnings for all of October, an unnecessary expense for a country with a budget deficit of N2 trillion. Oil’s…

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by LOLADE AKINMURELE & DAVID IBIDAPO

October 10, 2018 | 2:45 am
  |     |     |   Start Conversation

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Analysis

How more clannish can a government be?

July last year, the Executive Secretary of the National Health Insurance Scheme, Usman Yusuf, was suspended by the Minister of...



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