Nigeria: NNPC Spends N774m Daily On Petrol Subsidy

The Nigerian National Petroleum Corporation (NNPC) said it insures N774 million every day to subsidize petrol and keep the fix retail price at N145 per litre.

Group Managing Director of NNPC, Dr Maikanti Baru revealed this when he led top management team of the corporation on a visit to the Comptroller General of the Nigerian Customs Service, Col. Hameed Ali (rtd).

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