By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG to Pay Petrol Subsidy For Only First 6 Months of 2022 – Finance Minister
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG to Pay Petrol Subsidy For Only First 6 Months of 2022 – Finance Minister

News

FG to Pay Petrol Subsidy For Only First 6 Months of 2022 – Finance Minister

Tare Magbei
Tare Magbei
Published: June 14, 2025
Last updated: June 14, 2025
1 Min Read
Share
FG to Pay Petrol Subsidy For Only First 6 Months of 2022 - Finance Minister | Daily Report Nigeria
SHARE

The Minister of Finance, Zainab Ahmed, Speaking at a panel session during the 27th Nigerian Economic Summit (NES#27) in Abuja on Monday, October 26, announced that the complete deregulation of the downstream oil and gas sector will start by July 2022.

She added that the Federal Government will only pay petrol subsidy in the first six months of 2022.

“In our 2022 budget, we only factored in subsidy for the first half of the year; the second half of the year, we are looking at complete deregulation of the sector, saving foreign exchange and potentially earning more from the oil and gas industry,” Ahmed said.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Meanwhile, Shubham Chaudhuri, the World Bank Country Director for Nigeria, also called on the nation to halt the payment of subsidies for petrol, saying the funds should be channeled into primary healthcare, basic education, and rural roads.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:federal governmentfuel SubsidyTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published.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

Latest Updates

IED explosion kills 4, injures 21 in Yobe | Daily Report Nigeria
IED explosion kills 4, injures 21 in Yobe
News
Transfer: Super Eagles Striker Paul Onuachu Seals Trabzonspor Move | Daily Report Nigeria
Transfer: Super Eagles Striker Paul Onuachu Seals Trabzonspor Move
Sports
Tinubu Jets Out for Saint Lucia, Brazil BRICS Summit Today | Daily Report Nigeria
Tinubu Jets Out for Saint Lucia, Brazil BRICS Summit Today
News
Benue Students Allegedly Set Principal’s House Ablaze Over NECO Exam Fee Controversy | Daily Report Nigeria
Benue Students Allegedly Set Principal’s House Ablaze Over NECO Exam Fee Controversy
Metro
Father Cries for Justice as Ondo Traditional Ruler Allegedly Abducts, Rapes 12-Year-Old Girl | Daily Report Nigeria
Father Cries for Justice as Ondo Traditional Ruler Allegedly Abducts, Rapes 12-Year-Old Girl
Metro

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

APC Stakeholders Awaiting Buhari’s Verdict on Zoning – Gov Abiodun | Daily Report Nigeria
Politics

APC Stakeholders Awaiting Buhari’s Verdict on Zoning – Gov Abiodun

June 13, 2025
Police Take Over APC National Secretariat
News

BREAKING: Police Take Over APC National Secretariat (PHOTOS)

June 14, 2025
We Have Nothing To Do With IPOB - Yoruba Nation Agitators | Daily Report Nigeria
News

We Have Nothing To Do With IPOB – Yoruba Nation Agitators

June 15, 2025
17,000 Insurgents Have now Surrendered To Troops - Army | Daily Report Nigeria
News

17,000 Insurgents Have now Surrendered To Troops – Army

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?