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Port Harcourt Refining Company

Nigeria spends N11trn for subsidy amid wobble refineries performance

oil production Gongola Basin

Motolani Oseni Due to the poor performance of Nigeria’s local refineries, not less than N11trillion has been paid for outstanding subsidy claims in the last six years. Chairman, Senate committee on petroleum downstream, Kabir Marafa, on Thursday disclosed that the Senate approved the payment of N129 billion as outstanding subsidy claims to 67 petroleum marketers. […]