Fg pay n12 subsidy pms
It seems like you're asking about the FG Pay N12 subsidy for PMS (Premium Motor Spirit) in Nigeria.
To clarify, the FG Pay N12 subsidy is a program initiated by the Nigerian government to reduce the price of Premium Motor Spirit (PMS) for Nigerians. The program aims to make PMS more affordable for citizens by absorbing a portion of the subsidy cost.
Here are some key points about the FG Pay N12 subsidy:
- Subsidy amount: The government pays a subsidy of N12 per liter of PMS to oil marketers, which helps to reduce the price of fuel at the pump.
- Price reduction: The subsidy is expected to lead to a reduction in the price of PMS at the pump, making it more affordable for Nigerians.
- Beneficiaries: The subsidy benefits all Nigerians who purchase PMS, including individuals, businesses, and organizations.
- Duration: The duration of the subsidy program is not specified, but it is expected to continue until the government decides to review or discontinue it.
It's worth noting that the FG Pay N12 subsidy is subject to change based on various factors, including global oil prices, exchange rates, and government policies.
If you have any further questions or concerns about the FG Pay N12 subsidy, feel free to ask!