Nigeria: FG May Use U.S.$4 Billion Excess Crude Savings for Fuel Subsidy
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Nigeria: FG May Use U.S.$4 Billion Excess Crude Savings for Fuel Subsidy

Lagos : Nigeria | Jun 20, 2012 at 3:08 AM PDT
Source: Africa Headlines
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A government memo warns that the subsidy would wipe out funds saved up as insurance against a drop in the price of oil. Coordinating minister for the economy and minister of finance Dr Ngozi Okonjo-Iweala, who disclosed that the country requires additional $4 billion to pay for fuel subsidy for the rest... FULL ARTICLE AT Africa Headlines
 
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