The Nigerian leader said fuel would continue to sell at high rates, ignoring the diminishing purchasing power of citizens.
The estimate is premised on a N379/dollar exchange rate.
A new report by transparency group CISLAC says Nigeria’s real estate has become an asylum for stolen wealth.
The Nigerian president recounts his stewardship as a military head of state in the 1980s.
The anti-graft department says it is working to recover the stolen funds.
The government agreed to suspend new power tariffs for two weeks, but power firms have not reverted to old tariffs.
The bill will change NNPC’s legal structure, but the new company will still be wholly controlled by the government.
A group of anti-graft campaigners says at least 15 corruption cases have stalled after their files went missing.
Scorecard shows Nigeria under Buhari continues to lag well behind on the global benchmark for the critical sector.
Nigeria operates a large government with over 700 federal parastatals and agencies and 43 cabinet ministers
