By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: FG again confirms that it would stop payment of fuel subsidy by June 2023
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > FG again confirms that it would stop payment of fuel subsidy by June 2023
News

FG again confirms that it would stop payment of fuel subsidy by June 2023

Godson
Last updated: January 4, 2023 5:35 pm
Godson Published January 4, 2023
Share
SHARE

The federal government has again reiterated that it would stop payment of fuel subsidy by June 2023.

This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, during the public presentation of the 2023 Federal Government budget.

Zainab who revealed that the government has made provision of N3. 36trillion naira for fuel subsidy payment to cover the first six months of this year, added that the move is in line with the 18-month extension announced in early 2022.

The Minister added that the nation’s revenue performance as at November 2022 stood at 6. 5 trillion naira, representing 87 percent of the set target of 7. 8 trillion naira for the year.

Key contributors to the revenue collection according to the minister of finance and planning, includes a N586billion collection from the Federal Government, Customs – N15billion, independent revenue collection N1.3trillion as well as a N3.7trillion collection from other sources of revenue.

Top sectors that contributed to the growth of the economy in 2022 includes Agriculture at 23 percent, information and communications technology, trade, manufacturing with the oil and gas sector contributing just about 5. 6 percent.

 

You Might Also Like

FG Approves N2.2tn Supplementary Budget

It’s my turn to be Senate President, says Kalu

N78billion Pulls Wike to Buhari

Dangote Refinery Secures Licence To Refine 300,000bpd Crude

UNGA78: FG Initiates More Than $30 Billion Foreign Investments

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Victor Osimhen has already made Chelsea transfer feelings clear after Saudi Arabia decision
  • Vinicius Jr set to extend Real Madrid contract until 2030, earning €20m per season – reports
  • Kizz Daniel retrieves rights to his debut album ‘New Era’ from G-Worldwide
  • Saka to feature in much-changed England team against Senegal
  • Lamine Yamal’s Brother Is in Attendance for the Nations League Final!

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?