VOICE AIR MEDIA News Update
THE Nigeria National Petroleum Commission Limited (NNPCL), has revealed that the Federal Government is owing them a whooping sum of N2.8 trillion (Two trillion, eight hundred billion naira) on their supply of fuel from 2022 to date.
NNPC disclosed this in their official page while clarifying issues surrounding the recent fuel subsidy removal in the country.
According to them, the Federal Government of Nigeria have not provided any money for subsidy and that NNPCL has been financing subsidy from their purse since 2022.
The petroleum company also said delaying subsidy removal till the end of June would plunge the country into serious nationwide scarcity.
While responding to the sudden increase of petroleum prices shortly after President Tinubu’s declaration, NNPC said fuel stations will not be able to restock if they continue selling at the old price.
It added that market forces now determines the price of fuel as NNPC is no longer a sole distributor of the product.
News Update THE Governorship Candidate of the All Progressives Congress (APC) in the forthcoming governorship…
Hopecentre International Foundation has celebrated a decade of transformative progress towards advancing the service to…
... Sympathises with Victims of Osogbo Rainstorms The Gubernatorial Candidate of the All Progressives Congress,…
News Update THE Senior Special Assistant to the President on National Assembly Matters, Hon. Ibrahim…
Dr Kayode Fayemi, immediate past Governor of Ekiti State and former Chairman of the Nigerian…
The Small Alhaji Media Team has observed with utter amusement the flood of reactions and…