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Presidential Power Initiative

Tinubu says progress on Siemens power project ‘not where we want it to be’

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President Bola Tinubu says the progress of the Presidential Power Initiative (PPI), being executed by Siemens Energy, is commendable but still below expectations. Speaking on Monday at the State House during a meeting with a Siemens Energy delegation led by Dietmar Siersdorfer, Managing Director for the Middle East and Africa, Tinubu acknowledged ongoing efforts under […]

Fuel subsidy to gulp N450 bn in 2020 -finance minister

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petrol

Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel subsidy will gulp N450 billion in 2020. She said this on Monday in Abuja, at the public presentation of the 2020 budget proposals. Ahmed said it was called ‘under-recovery’ because it was […]