NNPCL Applaud Removal Of Fuel Subsidy

Post created on 2:47 pm

The president of Nigeria, Bola Tinubu, in his address speech yesterday announced the removal of fuel subsidy, this has led the Nigerian National Petroleum Company Limited (NNPCL), to cheer the Federal Government for its brave decision.

According to him, the subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

After an emergency meeting in Abuja, the Group Chief Executive Officer (GCEO) of NNPC Limited, Mallam Mele Kyari, noted that the removal of the subsidy, which had been a burden on NNPCL cash flow, will free up funds to enable optimal operations in the company.

Reacting to fuel scarcity already being experienced almost after the presidential pronouncement, Kyari assured Nigerians of a sufficient supply of the product.

He added that the NNPCL was also monitoring all its distribution networks to ensure compliance.