Nigeria spent a whopping sum of $1bn as subsidy on kerosene last year, Vice President Yemi Osinbajo has said.
According to the Vice President, the massive dependence on kerosene
and firewood by millions of households across the country made the
Federal Government to spend such huge funds subsidising the commodity.
Osinbajo, who spoke at the Domestic Liquified Petroleum Gas Stakeholders’ Forum in Abuja on Tuesday, explained that the low level consumption of LPG by Nigerians was a major reason for the high demand of kerosene and firewood.
He said, “The low LPG consumption in Nigeria has resulted in heavy
dependence on kerosene and firewood as primary domestic cooking fuel.
The government has undertaken huge subsidy of over $1bn spent in 2015 on
kerosene subsidy.”
This, he said, was not beneficial for Nigeria economically and
health-wise, as data at the disposal of government showed that thousands
of women and children had died as a result of diseases caused by
firewood and kerosene polluted air.
Details to come..
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