By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NNPCL Supports Tinubu’s Decision to End Fuel Subsidy, Assures Nigerians of Ample Fuel Supply
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Energy & Oil

NNPCL Supports Tinubu’s Decision to End Fuel Subsidy, Assures Nigerians of Ample Fuel Supply

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: May 30, 2023
Share
2 Min Read
Former Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari
Former Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari
SHARE

The Nigerian National Petroleum Company Limited (NNPCL) has expressed its support for President Bola Tinubu’s recent pronouncement on the removal of fuel subsidy.

In his inaugural address on Monday, President Tinubu declared an end to the era of subsidy payment, citing the absence of any provision for fuel subsidy in the 2023 budget.

During an emergency press conference held at the NNPC Towers in Abuja, the NNPCL conveyed its stance on the matter, emphasizing that the decision was taken in the best interest of the company and the nation at large.

Mele Kyari, the Group Chief Executive Officer of NNPCL, addressed concerns surrounding the subsidy removal and shed light on the company’s perspective.

- Advertisement -

He revealed that the company had been channeling a significant portion of its profits into subsidizing the cost of fuel.

Kyari highlighted the financial strain this imposed on the company and emphasized the need for a sustainable approach in order to ensure the long-term stability of the nation’s energy sector.

While acknowledging reports of fuel queues in some areas of the Federal Capital Territory (FCT), Kyari reassured Nigerians that there was no cause for panic buying.

He assured the public that the NNPCL had an ample supply of fuel to cater to the country’s demands for the next 30 days.

- Advertisement -

Furthermore, he stated that the company was closely monitoring its supply and distribution networks nationwide to prevent any disruptions.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:NNPCLtinubu
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article The Little Mermaid Hits $117m at Memorial Day Weekend Box Office
Next Article Abba Kabir Yusuf Kano Governor Issues Executive Order to Probe Ganduje

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Olubunmi Tunji-Ojo
FG Hails Success of E-Visa System, Processes Over 14,000 Applications in Six Weeks
News
Google Releases June 2025 Core Update
Tech
NELFUND
NELFund Warns Students Against Fake Loan Portal, Urges Caution Over Fraudulent Links
Education
Tinubu and Saint Lucia’s Prime Minister Agree to Establish Formal Diplomatic Relations
International
Ali Bukar Dalori
Ali Bukar Dalori Assumes Role as APC Acting National Chairman After Ganduje’s Resignation
Politics
- Advertisement -
Ad imageAd image

You May Also Like

MI Abaga
Celebrities

MI Abaga Expresses Regret Over Past Support for APC

Damilola A.
Damilola A.
June 30, 2025
Senator Natasha Akpoti-Uduaghan
NewsTop stories

JUST IN: Court Grants Senator Natasha Akpoti-Uduaghan Bail on Self-Recognition

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
News

Anambra State Orders Investigation After Viral Video Shows Possible Anti-Touting Squad Excesses

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?