{"id":919951,"date":"2022-01-27T08:29:50","date_gmt":"2022-01-27T08:29:50","guid":{"rendered":"https:\/\/www.ghanamma.com\/news\/2022\/01\/27\/nnpc-has-requested-n3trn-as-fuel-subsidy-for-2022-finance-minister\/"},"modified":"2022-01-27T08:29:50","modified_gmt":"2022-01-27T08:29:50","slug":"nnpc-has-requested-n3trn-as-fuel-subsidy-for-2022-finance-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/01\/27\/nnpc-has-requested-n3trn-as-fuel-subsidy-for-2022-finance-minister\/","title":{"rendered":"NNPC Has Requested N3trn As Fuel Subsidy For 2022 \u2013 Finance Minister"},"content":{"rendered":"

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\"NNPC
Finance, Budget and National Planning Minister, Mrs. Zainab Ahmed<\/figcaption><\/figure>\n

For 2022, the Nigerian National Petroleum Corporation has requested a fuel subsidy of three trillion naira (N3,000,000,000,000).<\/p>\n

Zainab Ahmed, Minister of Finance, Budget, and National Planning, told State House correspondents this after President Muhammadu Buhari led the Federal Executive Council meeting on Wednesday.<\/p>\n

\u201cIn 2022, because of the increased crude oil price per barrel in the global market, now at $80 per barrel, and also because NNPC\u2019s assessment is that Nigeria is that the country is consuming 65.7 million litres per day, that we would end up with an incremental cost of N3 trillion in 2022,\u201d the minister added.<\/p>\n

Also Read:\u00a0FG Didn\u2019t Suspend Fuel Subsidy Removal For 2023 Elections, Says Femi Adesina<\/strong><\/p>\n

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She explained that by implication, the Federal Government will have to make an incremental provision of N2.557 trillion in order to meet subsidy requirements which currently averages about N270 billion per month.<\/p>\n

The finance minister further disclosed that only N443 billion is presently available in the 2022 budget meant to accommodate subsidy from January to June.<\/p>\n

She also stated that the current realities on the ground including lack of structures, for now, has necessitated the NNPC to make the request.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Finance, Budget and National Planning Minister, Mrs. Zainab Ahmed For 2022, the Nigerian National Petroleum Corporation has requested a fuel subsidy of three trillion naira (N3,000,000,000,000). Zainab Ahmed, Minister of Finance, Budget, and National Planning, told State House correspondents this after President Muhammadu Buhari led the Federal Executive Council meeting on Wednesday. \u201cIn 2022, because […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-919951","post","type-post","status-publish","format-standard","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/919951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=919951"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/919951\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=919951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=919951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=919951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}