Federal Government approves N407 Billion for Fuel Subsidy

1. IT shows that the lingering fuel scarcity will soon come to a stop as the Federal government has approved the release of N407.07 billion as subsidy payment to oil marketers. A statement from the Minister of Finance Kemi Adeosun released , states that the money will be used to pay up subsidy arrears as well as pay up subsidy for the year 2015.                                                                    FUEL SUBSIDY MEANS
   
   1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest.
   2. Financial assistance given by one person or government to another.