NNPC Group Chief Executive Officer, Mele Kyari
The Nigerian National Petroleum Company (NNPC) has hailed the decision of President Tinubu to remove the petrol subsidy
NNPC said the subsidy removal is a welcomed development because it has been harming its operations
However, Nigerians reported that they bought a litre of petrol for about N600 on Tuesday, May 30, 2023
The Nigerian National Petroleum Company Limited (NNPC) has welcomed President Bola Tinubu’s decision to remove the petrol subsidy.
The NNPC Group Chief Executive Officer, Mele Kyari, stated during a press briefing in Abuja on Monday, May 29, 2023, that the company is pleased with the decision of the President to end the petrol subsidy in Nigeria.
According to Kyari, petrol subsidy removal will free up funds to make it commercially viable for Nigeria’s economy.
“And we believe that this will be able to free resources for the NNPC to continue to do the great works that this company will do for our country, and it will allow us to function as a very commercial entity, and we welcome this development,” Kyari said.
