NNPC Report Shows Tinubu Government Spent N7.1trillion On Subsidies In 2024 Captured As ‘Energy Security Expense’
This development comes despite the President Bola Tinubu-led Nigerian government’s repeated claims that it has stopped subsidising the cost of petroleum in the country.
A SaharaReporters’ review of the Nigerian National Petroleum Company Limited (NNPCL) financial statement for the year ended December 2024 has shown that a sum of N7.1 trillion was said to have been spent on fuel subsidy to defray energy costs..Read original/full details