Senate slashes subsidies on kerosene, petrol

The Senate on Wednesday slashed the allocation for petrol and kerosene subsidies presented by the Ministry of Finance in the Medium Term Expenditure Framework for 2015-2017. The upper chamber, while approving the MTEF, slashed petrol subsidy from N200bn to N100bn. It also reduced the subsidy allocated to kerosene from N91.08bn to N45.52bn. Chairman of the... 
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Added February 25, 2015
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