Nigeria spent $1 Billion on kerosene subsidy in 2015 – Osinbajo | Nigeria News Today. Your online Nigerian Newspaper

5

Osinbajo

Nigeria spent a whopping sum of $1bn as subsidy on kerosene last year, Vice President Yemi Osinbajo has said.



According to the Vice President, the massive dependence on kerosene and firewood by millions of households across the country made the Federal Government to spend such huge funds subsidising the commodity.

Osinbajo, who spoke at the Domestic Liquified Petroleum Gas Stakeholders’ Forum in Abuja on Tuesday, explained that the low level consumption of LPG by Nigerians was a major reason for the high demand of kerosene and firewood.

He said, “The low LPG consumption in Nigeria has resulted in heavy dependence on kerosene and firewood as primary domestic cooking fuel. The government has undertaken huge subsidy of over $1bn spent in 2015 on kerosene subsidy.”

This, he said, was not beneficial for Nigeria economically and health-wise, as data at the disposal of government showed that thousands of women and children had died as a result of diseases caused by firewood and kerosene polluted air.

Post a Comment Default Disqus

  1. Make una see their Oooooooooooooo. kerosene that this same government increased to N153 par litre. Big Ole.

    ReplyDelete
  2. Clueless people,everyday stories on pages on news paper,looking for who to blame ...kupapa

    ReplyDelete
  3. Wet the kerosene? Sebi una talk say that subsidy was a fraud during the previous government? How come una still dey talk about subsidy after making Nigerians to pay an outrages prizes for the products? Clear signs of clueless incompetent deceitful lying wicked insensitive and useless government.
    In fact I am ashamed of Pastor Osinbanjo. He is the Chief Pastor of Lies and Deceit. The Baale of Lie and Deceit.
    Na the chanji be that.
    Sai Baba!
    Sai Oyegun!
    Sai Tinubu!
    Sai Amaechi!
    APC! Werepe Chanji
    APC! Kworshiokor Change!

    ReplyDelete
  4. Una wan justify the sharing if $1b dollars now na em make una dey bring this news abi? Mumuni what plans do you have in place for us to have access to LPG?

    ReplyDelete
  5. Oga VP shine your eyes that subsidy na fraud. Oooo . masses no see am

    ReplyDelete

Nigeria News Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.

 
Top