After petrol subsidy elimination in 2022, Nigerians will pay between N320 and N340 per litre with litre, the GMD of the NNPC, Mele Kyari stated
Malam Mele Kyari, the group managing director and chief executive Officer of the Nigerian National Petroleum Company limited (NNPC), says Nigeria must be out of subsidy regime by the end of February 2022.
Vanguard mentioned that the NNPC boss this on the presentation of the world Bank Nigeria Development update, November 2021 version titled “Time for business unusual ”.
He, however, stated that Nigerian authorities has a bigger social duty to cater for the everyday and could make sure that the subsidy regime is exited within the most diffused and smooth way
In line with him, fuel subsidy removal might without a doubt be executed in 2022 as it became now absolutely subsidized by means of law.
The NNPC leader introduced that the fee of the product may additionally range between N320 and N340 in keeping with litre after the elimination of subsidy.