Fuel Subsidy Removal: Where I Stand, Tinubu Speaks With Indication FG Shifts To Loan Elite Companies

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following the nation wide broadcast by
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Nigerian president
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on Monday we can authoritatively report
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that the government's intention of
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removing full subsidy is to enable him
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provide another form of subsidy to the
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people
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president who said during the Nationwide
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broadcast that 175 companies will be
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giving 1 billion naira which has room
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with six years repayment period
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this may not be a good reason to remove
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fuel subsidy which appeared to be more
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beneficiary to larger numbers in the
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society
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recall that America the managing
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director of Asset Management corporation
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of Nigeria amcon alone recovery body
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established since the 19th of July 2010
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in the month of May 2023 cried out over
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Ancon inability to recover 4 trillion
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naira's bad loans from Elite companies
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or wealthy debtors according to the
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amcon MD if the bad loans are not
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recoverable the bidding will be on
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taxpayers
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for more than a

Fuel Subsidy Removal: Where I Stand, Tinubu Speaks With Indication FG Shifts To Loan Elite Companies

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Fuel Subsidy Removal: Where I Stand, Tinubu Speaks With Indication FG Shifts To Loan Elite Companies

OsazuwaAkonedo NewsCircle