Nigeria Approves N3 Trillion for 2022 Petrol Subsidy, Compounding Budget Deficit

The Nigerian National Petroleum Corporation (NNPC) has presented a bill of N3 trillion to the federal executive council (FEC), as payment for petrol subsidy in 2022. Tension was brewing between the federal government and organized labor unions over the former’s attempt to remove the petrol subsidy by June. The Nigerian Labour Congress had threatened to … Continue reading Nigeria Approves N3 Trillion for 2022 Petrol Subsidy, Compounding Budget Deficit