Nigeria scraps fuel subsidy, cuts petrol price to N850

• Uncategorized
• December 26, 2014

The Federal Government on Friday announced the removal of the Petroleum Support Fund, popularly known as fuel subsidy. The revelation came whilst the Minister of State for Petroleum, Ibe Kachikwu was speaking with journalists at the Port Harcourt refinery where he further revealed that the removal became necessary because of the fraud clouding around the