The Nigerian National Petroleum Company Limited (NNPC Ltd.) has addressed ongoing concerns regarding fuel subsidies amidst a worsening petrol scarcity in major cities like Lagos and Abuja.

Chief Financial Officer Alhaji Umar Ajiya clarified that "in the last eight to nine months, the NNPC Ltd. has not paid anybody a dime as subsidy." He emphasized that no marketer had received any money from the NNPC Ltd. under the guise of subsidies.
Ajiya explained that the NNPC Ltd. was managing Premium Motor Spirit (PMS) importation shortfalls between the company and the federation.
He stated, "What has been happening is that we have been importing PMS, which has been landing at a certain cost price, and the government tells us to sell it at half price. So the difference between the landing price and that half price is what we call shortfall."

The Executive Vice President of Downstream, Dapo Segun, also commented on the situation, noting that the outstanding debt to suppliers was significantly lower than the ₦6.8 billion figure being circulated.
He highlighted the importance of maintaining good relationships with suppliers to ensure continuous PMS availability across Nigeria.
Despite these clarifications, the fuel scarcity issue remains critical, with black marketers taking advantage of the situation. The NNPC's efforts to manage the shortfall and maintain supply are ongoing, but the challenges persist, affecting daily life for many Nigerians.
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