The Federal Government denied on Monday that it will reinstate the subsidy on Premium Motor Spirit, or gasoline, in the midst of the widespread closure of gas stations brought on by different issues in the downstream oil industry.
The Nigerian National Petroleum Company Limited also stated on Monday that if President Bola Tinubu had not stopped the subsidy on PMS in May, the company would have declared bankruptcy in June of this year.
According to attempts to modernize its refineries, NNPCL also declared that Nigeria will start exporting refined petroleum products by the following year.
Since many years, Nigeria has imported PMS and other refined petroleum products used throughout the nation through the NNPCL.
Following a meeting with the President at the Aso Rock Villa, Mele Kyari, the Group Chief Executive Officer of NNPCL, informed State House Correspondents that the gasoline subsidy had not been reimbursed.
Since many years, Nigeria has imported PMS and other refined petroleum products used throughout the nation through the NNPCL.
Following a meeting with the President at the Aso Rock Villa, Mele Kyari, the Group Chief Executive Officer of NNPCL, informed State House Correspondents that the gasoline subsidy had not been reimbursed.
Festus Osifo, the president of PENGASSAN, stated during his statement at the summit that the recent policy orientation of the government had “put immense suffering on Nigerians.
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