NASS approves $73/barrel, 1.6m production/day, N4trn for subsidy

NASS approves $73/barrel, 1.6m production/day, N4trn for subsidy

By Olugbenga Salami The two chambers of the National Assembly on Thursday approved US$73 per barrel, oil production volume of 1.600 million per day; N4 trillion as subsidy for the Petroleum Motor Spirit, PMS; and a cut in the provision for federally funded upstream projects being implemented by N200 billion from N352.80. This was even […]

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Source: NASS approves $73/barrel, 1.6m production/day, N4trn for subsidy

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