{"id":268841,"date":"2023-05-16T10:06:20","date_gmt":"2023-05-16T09:06:20","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=268841"},"modified":"2023-05-16T10:06:20","modified_gmt":"2023-05-16T09:06:20","slug":"nigeria-spent-n13trn-on-fuel-subsidies-in-16-years-boss-mustapha","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/05\/16\/nigeria-spent-n13trn-on-fuel-subsidies-in-16-years-boss-mustapha\/","title":{"rendered":"Nigeria spent N13trn on fuel subsidies in 16 years \u2013 Boss Mustapha"},"content":{"rendered":"<p>The Secretary to the Government of the Federation, Boss Mustapha, said the country spent N13 trillion on subsidies payment from 2005-2021.<\/p>\n<p>He made the disclosure amid confusion surrounding the fuel subsidy removal.<\/p>\n<p>Mustapha disclosed this on Monday while unveiling the 2022-2026 Strategic Plan of the Nigeria Extractive Industries Transparency Initiative in Abuja.<\/p>\n<p>He explained that the Federal Government under President Muhammadu Buhari\u2019s administration had managed the <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/05\/10\/buhari-frustrated-fuel-subsidy-removal-el-rufai\/\" target=\"_blank\" rel=\"noopener\">petrol subsidy<\/a> best.<\/p>\n<p>He added that the outgoing government would leave a robust framework for President-elect Bola Ahmed Tinubu\u2019s incoming administration.<\/p>\n<p>\u201cFrom that policy advisory, over N13tn is documented to have been expended on the subsidy payment between 2005 \u2013 2021. The figure is equivalent to Nigeria\u2019s health, education, agriculture, and defence budget in the last five years and almost the capital expenditure for ten years between 2011 and 2020,\u201d he said.<\/p>\n<p>Recall that the Federal Government suspended subsidy removal until the end of June, proposing that the incoming government acts on it.<\/p>\n<p>The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had disclosed that fuel subsidy removal by the end of June would save Nigeria N3.36 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Secretary to the Government of the Federation, Boss Mustapha, said the country spent N13 trillion on subsidies payment from 2005-2021. He made the disclosure amid confusion surrounding the fuel subsidy removal. Mustapha disclosed this on Monday while unveiling the 2022-2026 Strategic Plan of the Nigeria Extractive Industries Transparency Initiative in Abuja. He explained that [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":224355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[1668,260,64265,303],"class_list":["post-268841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-boss-mustapha","tag-fuel","tag-fuel-subsidies","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria spent N13trn on fuel subsidies in 16 years \u2013 Boss Mustapha<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/05\/16\/nigeria-spent-n13trn-on-fuel-subsidies-in-16-years-boss-mustapha\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria spent N13trn on fuel subsidies in 16 years \u2013 Boss Mustapha\" \/>\n<meta property=\"og:description\" content=\"The Secretary to the Government of the Federation, Boss Mustapha, said the country spent N13 trillion on subsidies payment from 2005-2021. He made the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2023\/05\/16\/nigeria-spent-n13trn-on-fuel-subsidies-in-16-years-boss-mustapha\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-16T09:06:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/10\/adejayan_gbenga\/2022\/10\/25\/Boss-Mustapha-768x419-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adejayan Gbenga Gsong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@withinnigeria\" \/>\n<meta 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