Femi Adesina

Fuel subsidy: Nigeria’ll pay a price, borrowings may continue – Presidency

Fuel subsidy: Nigeria’ll pay a price, borrowings may continue – Presidency

The Presidency on Wednesday said Nigeria will have to pay a price to continue subsidising Premium Motor Spirit, popularly called petrol, adding that the country may be left with no other choice than to continue borrowing to shoulder its fiscal overhead. The President’s Special Adviser on Media and Publicity, Femi Adesina, said this when he featured on Channels Television’s Sunrise Daily programme monitored by The PUNCH. PMS is not deregulated by the Federal Government, as the price is sold at between N162 and N165/litre at filling stations, far lower than the actual cost of the commodity. In June 2021, the Group…
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