FUEL SUBSIDY REMOVAL: NNPC Warns Nigerians Against Panic Buying | KOTM Live (May 30) скачать в хорошем качестве

FUEL SUBSIDY REMOVAL: NNPC Warns Nigerians Against Panic Buying | KOTM Live (May 30)

The Nigerian National Petroleum Company Limited (NNPCL) responds to President Bola Ahmed Tinubu's announcement of fuel subsidy removal, urging Nigerians to avoid panic buying. In his inaugural address, President Tinubu justified the removal, stating that the budget for 2023 no longer includes provisions for subsidy payments. In the aftermath of the announcement, several fuel stations in Lagos and Abuja had to close their doors, and many more were swamped with cars and people clamouring to fill up. However, the NNPC reassures the public that the decision is in the company's best interest. GCEO Mele Kyari highlights the substantial amount spent on subsidies and assures Nigerians of sufficient petrol supply, with over 30 days of storage and distribution networks being closely monitored for compliance. Stay informed and updated on the latest developments in this crucial matter. #nnpc #fuelsubsidy #tinubu #lawmakers, #economy #inaugurationceremony #wazobiatv #topstories