The Minister of Finance, Zainab Ahmed, has put the projected daily payment for fuel subsidy at N18.39 billion. She stated this during an investigative hearing of the House ad hoc committee which is investigating the petroleum subsidy regime between 2017 to 2021.

According to the Minister, this was calculated using the information provided by the Nigerian National Petroleum Company (NNPC) and the regulator. She said the information showed that 64.96 million litres of fuel is the projected average daily truck out, with N1.774 trillion paid to independent oil marketers as subsidy in four years.

The committee has however, invited the Accountant General of the Federation to appear before it on the 25th of this month to respond to some of the issues raised.