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.
A Federal High Court in Kano has ruled that the Federal Road Safety Commission (FRSC)…
THE Kogi state government has announced the successful rescue of the four persons kidnapped during…
OSUN: The Governorship Candidate of the All Progressives Congress, APC, in the forthcoming gubernatorial election…
Femi Gbajabiamila, chief of staff to President Bola Tinubu, has sued Adeniyi Adeyemi, director-general of…
THE Federal Government has set up a new Ministerial Advisory Committee (MAC) made up of…
THE Nigerian political landscape is currently abuzz with celebrations following the conferment of the prestigious…