FG, NNPCL work out N7.7tn fuel subsidy debt payment

The Federal Government’s indebtedness to the Nigerian National Petroleum Company Limited as exchange rate differential (subsidy) for the importation of Premium Motor Spirit (petrol) rose to N7.74tn as of September 2024 when the deregulation of the downstream oil sector was fully implemented. This amount covers the cost of maintaining a specific price range in the

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