….backs Tinubu on fuel subsidy removal
The Nigerian National Petroleum Company Limited on Monday welcomes the decision by the Federal Government to remove subsidies on PMS.
Addressing the press, the GCEO of NNPC Limited, Mele Kyari noted that the removal of the subsidy, which has been a burden on NNPC Limited’s cash flow, will free up funds to enable optimal operations within the company.
Reacting to the scarcity already being experienced, he assured Nigerians of a sufficient supply of the product.
NNPC Limited is also monitoring all its distribution networks to ensure compliance.
Tinubu had in his inaugural address earlier Monday declared an end to the era of subsidy payment, saying the 2023 budget made no provision for fuel subsidy.
