Bayo Onanuga, the special adviser on information and strategy to President Bola Tinubu, says NNPC admitted to having financial constraints because it can no longer subsidise petrol.
Bayo Onanuga, the special adviser on information and strategy to President Bola Tinubu, says the Nigerian National Petroleum Company Limited admitted to having financial constraints because it can no longer subsidise petrol.
“The situation has greater implications for the ability of the three tiers of government to function as the NNPC has failed to pay into the Federation Account, the money that should go to the government. “That is the scenario that is unfolding, and the game changer and big relief giver may well be the Dangote refinery and other local refineries, which will become the fuel suppliers to the local market.“When Dangote Refinery and other refineries, including government-owned Port Harcourt Refinery, come fully on stream, our country and economy will benefit on all fronts. There will be many good paying jobs that will be created along the value chain.
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