Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Tuesday, 12 January 2016

FG SPENDS N400BN ON REFINERIES

FG spends N400bn on refineriesThe Federal Government has spent over N400 billion ($2.036 billion) on the Turn Around Maintenance (TAM) of the country’s refineries in the last 13 years. A data compiled by New Telegraph revealed that the money was budgeted for TAM between 2000 and 2013.

The investments were different from about $308 million spent for the same purpose by the military government of the former heads of state, General Abdusalami Abubakar (rtd) and the late General Sani Abacha.

Read more @ New Telegraph