The Nigerian National Petroleum Company Limited is to deduct N242.53 billion as subsidy on Premium Motor Spirit, popularly called petrol, from the Federation Account this month.
“The recovery consists of December 2021 value shortfall of N176.48 billion plus the outstanding value shortfall recovery of N33.9 billion accrued over the 2021 year. The November 2021 spot arrears of N98.81 billion is also outstanding. On March 3, 2022, state governors lambasted the NNPC for not remitting any funds at last month’s FAAC meeting.
He specifically pointed out that in the last Federation Accounts Allocation Committee meeting in February, the NNPC made zero remittance to the federation. The oil firm had also been shouldering the cost of subsidy on petrol all these years. The actual cost of the commodity is far higher than the approved N162-N165/litre pump price.
Nnpc to deduct from FG hmmmm who is the boss here
NNPCgroup u guys are super corrupt, the minister of petroleum is Super and wonderfully corrupt, PMS is sold at 200 to 250 per liter since February and you are talking about subsidy for march
The thunder wey go fire una still dey do warm up. Who una give fuel for month of march? I spent 6 hrs for fuel queue still I no fit get fuel.
Why? U want us to subsidize ur dirty fuel...explain it well to me
Who are they paying the subsidy? We are buying petrol 220 .
NNPC, the largest problem of Nigerians. Group of insensitive people, who only care for their pockets. Nation with crude oil, refinery are not working, but their work force still intact. Huge salaries still pay to people who are not producing, God will have mercy on us.
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One Yaba left Buharist insulted the living hell out of my balls last year when I told him fuel subsidy still exist. He even brought screenshots of Osinbajo praising his party led FG for removing fuel subsidy. Ever since I throw caution to the wind while dealing with those crazies
President of Nigeria; Buhari Minister of Petroleum; Buhari Father cluelessness; Buhari Father of Nepotism; Buhari Father of clannishness; Buhari Father of all confusion; Buhari Father of Insecurity; Buhari
If Youth are the leaders of tomorrow, who are the leaders of today?
Subsidy was scam during APC 2015 campaign but not anymore. Ignorance is a bliss.☺️
Governors' money reduced for subsidy. Hmmm ...
Tel he figured the shake my hands 😂
😂