List & Names of Fuel Subsidy Beneficiaries in Nigeria

Dec 3, 2011 – List & Names of Fuel Subsidy Beneficiaries in Nigeria

The Nigerian senate released the list of fuel subsidy beneficiaries in Nigeria. Below are the company names and the respective subsidy amount.

1.    Oando Nigerian Plc. – N228.506 billion

2.    MRS –N224.818 billion

3.    Pinnacle Construction-N300 billion

4.    Enak Oil & Gas –N19.684 billion

5.    CONOIl – N37.960 billion

6.    Bovas & Co. Nig. Ltd. – N5.685 billion,

7.    Obat N85 billion and AP; N104.5billion.

8.    Folawiyo Oil – N113.3 billion

9.    IPMAN Investment Limited- N10.9billion

10.    ACON – N24.1billion

11.    Atio Oil-N64.4billion

12.    AMP- N11.4billion

13.    Honeywell-N12.2billion

14.    Emac Oil- N19.2billion

15.    D.Jones Oil-N14.8billion;

16.    Capital Oil – N22.4 billion

17.    AZ Oil- N18.613billion

18.    Eterna oil- N5.57 billion

19.    Dozil oil- N3.375 billion

20.    Fort oil-N8.582 billion.

21.    Integrated Oil and Gas- N30.777 billion

Of what use is this fuel subsidy self?