bo NNPC advocates complete fuel subsidy removal
back link building services=

!!

Join over 140k discussions or create one FREE


Cokoye is an Africans forum with over 500k members where people freely discuss issues. Register now to Join or start discussions FREE.

digital marketing
« previous next »
Pages: [1]   Go Down

Author Topic: NNPC advocates complete fuel subsidy removal  (Read 1952 times)

0 Members and 1 Guest are viewing this topic.

Offline jchima14

  • Cokoye Hero Member
  • *****
  • Posts: 1643
  • Karma: +0/-0
    • View Profile
NNPC advocates complete fuel subsidy removal
« on: »
The Nigerian National Petroleum Corporation on Thursday, maintained that the continued payment of subsidy on petrol was not sustainable and therefore strongly advocated for it’s complete removal. Subsidy is the difference between the Expected Open Market Price of fuel and the actual or retail price that is paid by consumers for the product at petrol stations as regulated by the Department of Petroleum Resources.

Mr. Timothy Okon, The Group Coordinator, Corporate Strategy and Planning, NNPC, explained that fluctuation in the prices of crude oil often creates fiscal instability in the country which in turn impacts negatively on Nigeria’s revenue. This is because government does not control prices of crude oil. It will be recalled that a massive nationwide protests and industrial actions greeted the announcement of complete withdrawal of subsidy on petrol in January 2012.


PS: This article is a summarized version of the original news

Source: http://thesummary.com.ng/index.php/odd-news/item/478-nnpc-advocates-complete-fuel-subsidy-removal
Logged

Cokoye

NNPC advocates complete fuel subsidy removal
« on: »
back link building services=

Offline AdHang

  • Sr. Cokoye Member
  • ****
  • Posts: 651
  • Karma: +0/-0
    • View Profile
    • Digital Marketing Agency in Lagos Nigeria
Re: NNPC advocates complete fuel subsidy removal
« Reply #1 on: »
There have been comments about fuel subsidy removal-even workers strike about it years back. To me this whole thing about fuel subsidy removal is become a distraction, why not government remove it to settle this issue once and for all.
Logged
Adhang.com is a digital marketing agency that uses educative Articles, Press releases, Text links, Banners, Online presentations, and Videos to reach and enlighten people online. Visit www.adhang.com|Like us on www.socialwider.com/adhang

Cokoye

Re: NNPC advocates complete fuel subsidy removal
« Reply #1 on: »
back link building services=
Pages: [1]   Go Up
« previous next »
 

+ Quick Reply

With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Name: Email:
Verification:
Type fifty as a number:

Related Topics


back link building services=