Nigeria, March 19 -- As it has become clear the Nigerian government has continued to subsidise the price of petrol, a PREMIUM TIMES analysis has shown the nation may be expending a whopping N102.5 billion monthly to reduce the retail cost of petrol.

The sum is higher than the N70 billion the government budgeted for the provision of Universal Basic Education (UBEC) in the 2021 budget, as well as the N45.19 billion allocated for immunization.

This is according to a PREMIUM TIMES' analysis of the revelations thrown up by the controversial price template released by the Petroleum Products Pricing Regulatory Agency (PPPRA) last week.

PREMIUM TIMES reported how the agency came under attacks last Thursday when it released a template indicatin...