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11 Jun 2017

Senate alleges NNPC still operating subsidy regime

Nigeria’s upper chamber has raised the alarm over the continuous operation of the fuel subsidy regime, The Guardian reports.
It said contrary to claims by the Federal Government, the Nigerian National Petroleum Corporation (NNPC) is still operating subsidy regime in the country.
Chairman, Senate committee on Petroleum Resources (Downstream), Senator Marafa, on the floor of the Senate on Thursday, said NNPC was still making secret payments.
Marafa claimed that the situation has crippled the downstream sector of the petroleum industry, where NNPC has become the sole importer of products. The lawmaker revealed that his committee was currently investigating the illegal payment of subsidy by NNPC.
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Item Reviewed: Senate alleges NNPC still operating subsidy regime Rating: 5 Reviewed By: LinkNaija