• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Senate Investigates N9.3trn Spent On Subsidy In 30 months

by Sunday Isuwa
2 years ago
in News
senate
Share on WhatsAppShare on FacebookShare on XTelegram

The Senate has commenced investigation into the spending of N9.3 trillion in 30 months on fuel subsidy.

Advertisement

Specifically, the Senate is probing oil subsidies and the recovery regime operated by the federal government till May 29, 2023, when it was removed by President Bola Ahmed Tinubu.

The Senate is also asking for the functionality of the three government refineries in Kaduna, Port Harcourt and Warri.

The lawmakers, looking at the agony workers go through, are seeking an improved living wage.

The resolutions followed a motion sponsored by Senator Chiwuba Ndubueze (APC Imo North).

ADVERTISEMENT

Subsidy Removal Drags Down Petrol Consumption By 28%

Ndubueze in the motion titled: “Need to investigate the controversial Huge Expenditure on Premium Motor Spirit (PMS) under the subsidy/under recovery regime by the Nigerian National Petroleum Company Limited (NNPCL)”, said the step taken by Tinubu on subsidy withdrawal in May, was commendable but the regime needs to be investigated.

RELATED

Bayelsa Community To Install King After Two Decades

Bayelsa Community To Install King After Two Decades

4 minutes ago
Budget Minister, Stakeholders Seek Inclusive, Robust National Statistical System

Federal Gov’t Advocates Nutrition Budget Tagging For Transparent Healthcare Delivery

2 hours ago

He submitted that while within 10 years (2006-2015), the federal government through NNPCL, claimed N170 billion as under recovery, it expanded whooping N843.121 billion on under recovery between January 2018 and January 2019.

ADVERTISEMENT

The Senate accordingly resolved that its standing committees on Petroleum (Downstream), Petroleum (Upstream) and Finance , should when constituted, carry out holistic investigation on all controversies surrounding subsidy and under recovery regime.


Join Our WhatsApp Channel



Tags: Fuel Subsidy
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

Census Desirable, Not Imperative Now, MBF Tells Tinubu

Next Post

Edo Group Decries Non-release Of World Bank Grant

Sunday Isuwa

Sunday Isuwa

Sunday Isuwa is an award winning journalist with over 15 years of experience. Currently at LEADERSHIP Media Group, he has published thousands of articles that have helped in shaping Democracy, Good Governance in Nigeria, Africa and the world at large. His Twitter handle is @IsuwaSunday 

You May Like

Bayelsa Community To Install King After Two Decades
News

Bayelsa Community To Install King After Two Decades

2025/09/06
Budget Minister, Stakeholders Seek Inclusive, Robust National Statistical System
Business

Federal Gov’t Advocates Nutrition Budget Tagging For Transparent Healthcare Delivery

2025/09/06
2027: Desperate El-Rufai And The Limit Of Propaganda
Backpage

2027: Desperate El-Rufai And The Limit Of Propaganda

2025/09/06
ASSBIFI Link Forex Rise On Unpatriotism Of Nigerians
Business

Rising Liquidity, Foreign Reserves Boost Naira To 6-month High Of N1,514.86

2025/09/06
Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty
Business

Stakeholders Laud Babandede’s Promotion, As Onne Customs Generates N859bn Revenue

2025/09/06
‘We’re Not Owing You Ground Rent’, FIRS Tackles FCTA Over Office Closure
Business

FIRS Advocates Global Reforms On SMEs Tax Evasion

2025/09/06
Leadership Conference advertisement

LATEST

Bayelsa Community To Install King After Two Decades

Federal Gov’t Advocates Nutrition Budget Tagging For Transparent Healthcare Delivery

2027: Desperate El-Rufai And The Limit Of Propaganda

Rising Liquidity, Foreign Reserves Boost Naira To 6-month High Of N1,514.86

Stakeholders Laud Babandede’s Promotion, As Onne Customs Generates N859bn Revenue

FIRS Advocates Global Reforms On SMEs Tax Evasion

TV Reality Show Plans N50m Reward For Youth Entrepreneurs

CBN Unveils Compliance Department For Anti-money Laundering, Cybersecurity

CardCentre, MTN Nigeria Partner To Unveil Sustainable SIM Cards

SEC Approves Eko Rice N23.4bn Contracts For Listing On Commodities Exchange

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.