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FG spends N120 billion on fuel subsidy monthly – NNPC

by 21st Century Chronicle
March 25, 2021
in Oil and Gas
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The Group Managing Director of Nigeria National Petroleum Corporation

(NNPC), Mele Kyari, says petrol is currently being subsidised at the cost between N100 and N120 billion monthly.

READ ALSO

Senate panel uncovers ‘$300 billion unaccounted’ crude oil revenue

Oando suspends petrol imports

Kyari said this on Thursday while fielding questions from State House correspondents in Abuja.

It comes amidst controversy about the removal of petrol subsidy between the administration of former president Goodluck Jonathan and current administration of President Muhammadu Buhari.

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