Fuel subsidy gulps N2.08tn in one year

Reports say the amount spent on fuel subsidy monthly rose from N60.39bn in March 2021 to N245.77bn in March 2022.
According to data obtained from the Nigerian National Petroleum Company Limited, within this one-year period, fuel subsidy gulped N2.08tn.
In March, April, May, and June 2021, under-recovery for PMS amounted to N60.39bn, N61.96bn, N126.29bn, and N164.33bn respectively.