Subsidy Has Never Really Benefitted Ordinary Nigerians – NNPC Boss, Mele Kyari

By Kamil Opeyemi
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari on Thursday, said subsidy has never benefitted the ordinary Nigerian. He said Nigerian fuel is sold in many African countries where smugglers had moved the products to.
Kyari said the essence of subsidy has been defeated with the fact that fuel is not sold at the subsidised rate at any filling station with the exception of a few in Lagos and Abuja. Kyari said this means despite the government paying heavily to subsidise, its benefits are enjoyed more by the elites who have many big cars while some marketers are also not accountable for the subsidies. He said for the last 17 years, NNPC has not been able to transport fuel from Mosimi to Warri due to the state of the pipelines and the activities of the vandals. Among other things, Kyari also said Nigerian fuel is so cheap saying this is one of the reasons for the smuggling to other African countries.
Kyari also said it is difficult to say exactly the consumption pattern of Nigerian fuel adding that the NNPC knows the volume of fuel that leaves the depots but does not have control over where the fuel ends.
More Details coming…