Nigerian Petroleum Company, NNPC Confirms Plan To Remove Fuel Subsidy, Cautions Against Panic Buying | Sahara Reporters

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Nigerian Petroleum Company, (nnpclimited) Confirms Plan To Remove Fuel Subsidy, Cautions Against Panic Buying | Sahara Reporters

May 30, 2023The Nigerian National Petroleum Company Limited has given its support to the immediate removal of fuel subsidy by President Bola Tinubu on Monday.

Tinubu had during his inaugural speech said that subsidy could no longer be justified and that his government would re-channel the funds into better investment in public infrastructure, education, health care and jobs. Checks by SaharaReporters with the city centre and satellite town showed pockets of queues in many filling stations as motorists were seen making frantic efforts to buy the fuel in anticipation of the price increase that may follow the announcement.

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