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WHY FG CAN’T REMOVE FUEL SUBSIDY NOW

The Nigerian National Petroleum Corporation, oil marketers, and experts have explained why the Federal Government could not stop the fuel subsidy despite its non-inclusion in the 2022 budget.

Oil Drilling

According to reports, the Independent Petroleum Marketers Association of Nigeria and experts including a professor of Economics at the Olabisi Onabanjo University, Ago Iwoye, Ogun State, Sheriffdeen Tella, said without functional refineries in the country, it would be disastrous for government to stop the subsidy.

NNPC Towers

It was also reported that petrol might still be subsidized in 2022, as the country’s sole importer of petrol, the NNPC, stated that there had been no counter order on subsidy from the Federal Government.

Story: Ralia Adama

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