Nigerian's Would No Longer Witness Fuel Subsidy - NNPC Boss, Mele Kyari

“There is no fuel subsidy anymore in Nigeria. It is zero subsidy forever, going forward there will be no resort to either subsidy or under-recovery of any nature,”

“There would be no resort to either fuel subsidy or under-recovery of any nature. NNPC will play in the petroleum marketplace, just like another marketer in the space.

“But we will be there for the country to sustain the security of supply at market price,” he said, indicating the government was not deregulating the petrol sub-sector, and would still fix prices.

Mr Kyari described the NNPC as a transparent organisation, saying the state oil firm was probably the “only company in the world that publishes its monthly financial and operations reports.”