FG plans fuel subsidy in 2022

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the Federal Government has decided to make provision for fuel subsidy in 2022.

The Group Managing Director of NNPC, Mr Mele Kyari, disclosed this on Wednesday at a public hearing organised by the Senate Committee on Finance on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).

Although no provision was made for fuel subsidy in 2021, he informed the lawmakers that the government had begun a conversation with relevant stakeholders to exit the subsidy regime.

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