ari, has said.
“That means that you have the cross-border issues, which is because you are selling fuel at a lower price than the market price and we are therefore practically supplying fuel to the whole of West Africa. The NNPC boss explained that the downstream oil sector would still need a regulator despite the halt in subsidy.
He also insisted that there would be no conversation about coming back to the fuel subsidy regime anymore, stressing that the PPPRA would modulate prices and provide a band going forward. “Ultimately, the band keeps moving. It can go down or up but it will create space for competition and you could see people selling below the band, especially those who have excellent procurement processes,” the GMD stated.On complaints by marketers that stakeholders were not carried along before the decision on subsidy removal was taken, the NNPC boss stated that the situation did not warrant the involvement of other players since NNPC was the sole importer of petrol into Nigeria.
We have been tell you pipu for long to stop paying subsidy you refuse 😂😂 thanks covid19 for letting my irresponsible govt see the lite
Lol 😂 it will be diverted to their pocket sektor
Nigeria is a country where imagination and expectations are more real than reality
NNPCgroup , like personal accounts! E kare fa!
Other sectors like your foreign accounts?
LLP...lie lie people
Once upon a time a man who later became president said 'there was never a subsidy ' now in this era we are diverting funds to other sectors ... election dey come we dey wait
This new GMD NNPC is doing a great job. Kudos!
This sector must be deserved, better, everyone mostly ordinary and middle Nigerian.
That's good idea
No one has come to tell us that subsidy has been removed since crude oil price has been slashed
Check those sectors we'll before diverting the subsidy so as to avoid corruption
Which sectors and why
NNPCgroup why can't Nigeria just sell off our four refineries? If there is one thing we get from them, it's the huge losses it incurs. The workers are still being paid despite doing nothing productive.
Lol...divert already sounds evil 😂
If they like...they should divert it to their pockets
Dismantle Nigeria today
Which subsidy?
Fuel Subsidy: Govt pays N457bn to oil marketers to reduce the cost they sell to the public. 🙄🙄🙄🙄 I’m I right or wrong
My uncle said it’s a lie
Better idea
Amen
Hmmm
at last you have to face the reality of fuel subsidy ,no more propaganda to win elections by political parties.
Eti yawere sir
Which sector ?
And still borrowing?
BENEFITS OF A DEREGULATED OIL SECTOR With TRANSPARENT BIDDING PROCESS for Int'l Oil Corps (IOCs), there 'll be: 1. More refineries 2. No fuel scarcity 3. Price fluctuations based on crude prices 4. Massive job creation 5. Manufacturing Galore 6. Reflated economy 7. Tamed graft
Walai Nigeria na fairy land. You never finish dilute one boom another don come up
All this money and no single effect on the masses audio subsidy
This administration is the number one Pandemic Nigerians need to fight to survive. Take it or leave it!
Make una shift joor
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: Daily Trust - 🏆 13. / 51 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: channelstv - 🏆 7. / 63 Read more »