The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kyari said the Federal Government is no longer paying subsidy on petrol.
Kyari, disclosed this to State House Correspondents on Monday in Abuja.
He said that contrary to insinuations on social media, the federal government was no longer paying subsidy to any person or group for bringing petroleum products into the country.
“No subsidy whatsoever. We are recovering our full cost from the products that we import. We sell to the market.
“We understand why marketers are unable to import. We hope that they begin to do so very quickly and these are some of the interventions government is making. There is no subsidy,’’ he said.
