NNPC wants N3 trillion for fuel subsidy in 2022 – Minister

The Nigerian National Petroleum Company has requested a total of N3 trillion from the federal government to fund fuel subsidy in 2022.

“Having taken into account the current realities, increased hardship in the population, heightened inflation, and also that the measures that needed to be taken to enable a smoother exit from the fuel subsidy are not yet in place, it was agreed by Council that it is desirable to exit fuel subsidy.“The Nigerian National Petroleum Company has presented to the ministry a request for N3 trillion as fuel subsidy for 2022. What this means is that we have to make an incremental provision of N2.

“How we fund it? So we’ll have to reduce it from that N3 trillion and that is one. Secondly, we have been running reconciliations with NNPC to reduce the cost. “So today, council took that amendment proposal and I just want to report that part of the requests that council has approved today is for the National Assembly to repeal clauses 10 and 11.

Mrs Ahmed also disclosed that the council approved the ratification of the Customs Mutual Administrative Assistance Agreement between South Africa and Nigeria. The President’s Senior Special Assistant on Media and Publicity, Garba Shehu, who attended the briefing, said the council approved the N52.8 billion for the completion of three road projects across the country

NNPC,busy doing nothing

Corruption in the NNPC

Wonderful!!! Last year and the year before not a single Kobo was in the budget for subsidy. Now all of a sudden they need 3 trillion!

Kibamu account number Za mu taimaka,

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