Senators urge FG to settle N800bn petrol subsidy bill

Nigeria’s N3trn petrol subsidy widens deficit Eurobond can’t fund

Nigeria could be widening its budget deficit as it continues spending on the controversial petrol subsidy.

The Senate has urged the Federal Government to direct relevant agencies to pay the outstanding subsidy arrears owed to independent oil marketers within two weeks. Senators on Thursday accused the Presidency of sabotaging itself by refusing to settle outstanding debts totalling N800 billion to indep

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```