President Muhammadu Buhari authorised the Nigerian National Petroleum Corporation, NNPC, to subsidise petrol for Nigerians, Maikanti Baru, the NNPC chief has said.

Mr. Baru made this known on Friday during a brief interview with State House correspondents at the Presidential Villa shortly after he performed Friday Islamic prayers.

The NNPC chief was reacting to the confusion thrown up by his revelations in Abuja last Friday.

Last Friday, the NNPC boss stirred the hornet’s nest when he disclosed that the landing cost of fuel has jumped to N171.

The state oil firm has, however, maintained that the N145 per litre price subsists, raising questions on who foots the bill of the minimum N26 differential; especially as such estimates are not contained in the 2017 and 2018 budgets.

On Friday, Mr. Baru said Mr. Buhari authorised the payment of the ‘subsidy’ by NNPC, to ease the pains of Nigerians.

“Do you want me to remove subsidy?” he said in response to questions demanding clarifications on the subsidy.

“What I am saying is that the landing cost as should be sold in the pump without under-recovery should be N171.40.

“However Mr. President has directed that we should maintain all the parameters to ensure that it is sold at N145 per litre. And that is why we are selling at depot at N133.28.8,” he explained.

The NNPC’s confirmation of petrol subsidy has drawn the ire of some Nigerians including the Ekiti State Governor, Ayodele Fayose.

“Where is NNPC getting the money with which it is subsidising petrol with N26 per litre? Is NNPC spending money from the sales of crude oil that should be paid into the federation account to pay subsidy?” Mr. Fayose, a known critic of President Buhari, said on Wednesday.

On Friday, the NNPC chief also blamed “greedy” marketers who, he said, chose to hoard the product after rumours of pump price increase emerged leading to the scarcity experienced in recent weeks.

Nigerians have had to confront scarcity of petrol in the last three weeks, a development that has ruined the plans of many for the yuletide.

The NNPC has consistently blamed oil marketers for hoarding the product while the marketers on their part have said that they had no supply.

On Friday, Mr. Baru also said his corporation has been able to resolve the petrol scarcity.

https://www.premiumtimesng.com/news/headlines/253930-buhari-authorised-nnpc-subsidise-petrol-nigerians-baru.html/amp?__twitter_impression=true

Abegi, who subsidy epp? Buhari has failed and will continue to fail

God have mercy on nigerians, imaging after subsidizing the pump price of petrol still stand at 145 per litre.

I saw this coming..........Carrot and Stick approach by PMB the Messiah ..........Nigerians be wise... Don't fall twice

make up your minds...


pmb says nothing like subsidy...

osibanjo says NNPC belongs to a 'private entity' so the FG has no 'business' with its business activities...


Baru says landing cost of fuel is N171 but NNPC sells at N145 & no subsidy is being paid...


now Baru says PMB said NNPC should pay subsidy...


why is this administration so dysfunctional?

Buh these guys were screaming to the high evens abt subsidies during jonathan's regime. Dear ex president Jonathan i thereby tender my apology for campaigning against you.

Shebi baba say before there is nothing called subsidy., why is he paying nau

nairavsdollars:
Abegi, who subsidy epp? Buhari has failed and will continue to fail

what is wrong with idiotic pigs of Biafra?
Upon the subsidies, fuel is still scarce, what if is not subsidised by 26naira?

Lack of transparency is the mother of all corruption. Buhari is running Nigeria as his farm in Daura. How can you give order to spend billions from our oil revenue in the name of subsidising petrol that is not available without following due process.
The President is just commuting impeachable offences at will!

"Honestly I don't know what Fuel Subsidy mean. It is a Scam by PDP govt to loot the treasury!" - Buhari vegetable before 2015 presidential elections.



2years later after winning presidential elections:
Buhari authorized NNPC to Subsidize Fuel. - Baru.

Is vegetable now authorizing NNPC to continue with PDP scam as he alleged before 2015 election? How dull can this man get?

factsandfigures:
Lack of transparency is the mother of all corruption. Buhari is running Nigeria as his farm in Daura. How can you give order to spend billions from our oil revenue in the name of subsidising petrol that is not available without following due process.
The President is just commuting impeachable offences at will!

Transparency is totally alien to this vegetable govt. Corruption, deliberate misinformation, secrecy, opaqueness is now their mode of governance.

Jesusloveyou:
what is wrong with idiotic pigs of Biafra?
Upon the subsidies, fuel is still scarce, what if is not subsidised by 26naira?

but una say subsidie na scam na? oya repeat after me:ayam stew pid(20 times)

lol...


look at the way pmb's croakers have avoided this thread...

(the clown above doesn't count, 'it' is a basket case)...


when a government consistently lies, reverses itself without shame & carries on in an utter state of confusion, it is easy to see why they fail woefully in their basic responsibilities...

Jesusloveyou:
what is wrong with idiotic pigs of Biafra?
Upon the subsidies, fuel is still scarce, what if is not subsidised by 26naira?

Better change your moniker this moslem kid, you are a disgrace to that moniker that you represent, you can use other moniker and continue with your madness. I know that you might have good intentions by using that moniker Jesusloveyou, but you have continuely dinagrated from what that moniker represent.

ivandragon:
make up your minds...


pmb says nothing like subsidy...

osibanjo says NNPC belongs to a 'private entity' so the FG has no 'business' with its business activities...


Baru says landing cost of fuel is N171 but NNPC sells at N145 & no subsidy is being paid...


now Baru says PMB said NNPC should pay subsidy...


why is this administration so dysfunctional?

Paradox.

Funny enough when a barrel was 130 dollars some folks didn't believe subsidy was being paid

Why Nigeria refinery are not working.which cabal stop it now everybody want to import fuel they are buying more vessels ,soon we are going to buy fuel @250 officially

I thought dullardeen said no more subsidy

Now Baru is saying that the vegetable asked him to pay subsidy


This is really getting out of hand

aolawale025:
Funny enough when a barrel was 130 dollars some folks didn't believe subsidy was being paid

& that is why pmb is in this predicament...


any action he takes vindicates the previous administration. but rather than being a man & apologise & then forge ahead, he prefers to lie, double speak & confuse issues to the extent that he now has problems remembering his own lies...


as far back as 94-98, Abacha paid $12b on fuel subsidy & pmb was a major player in that government, yet he claimed not to know what subsidy is.


how such a man can be said to have integrity is beyond me. a man who clearly lies...

Baru now blaming buhari...this Apc is full of blamers. At least buhari is on the receiving end

Jesusloveyou:
what is wrong with idiotic pigs of Biafra?
Upon the subsidies, fuel is still scarce, what if is not subsidised by 26naira?

So you are a full member of Buhari Media Cows? Pls remove Jesus from your moniker, because if he is a Nigerian, he won't support Buhari.

Lies and deceit brought APC to power. The bad thing about this whole thing is that you need to keep lying to stay afloat.... Prior to the 2015 election this demonic party said there was nothing like subside, today the whole thing has suddenly rear up its face...

Buhari is a thief who accused Jonathan of subsidy theft he is now engaging in.

TrueSenator:
I saw this coming..........Carrot and Stick approach by PMB the Messiah ..........Nigerians be wise... Don't fall twice

Agimor:
Lies and deceit brought APC to power. The bad thing about this whole thing is that you need to keep lying to stay afloat.... Prior to the 2015 election this demonic party said there was nothing like subside, today the whole thing has suddenly rear up its face...

I'm telling you my brother.This is simply the most fraudulent regime ever seen in Nigeria.

amozo:
Why Nigeria refinery are not working.which cabal stop it now everybody want to import fuel they are buying more vessels ,soon we are going to buy fuel @250 officially

The worst is when the monopolist dangote's refinery comes on board Nigerians will pay 300 per liter.

How come this thread is not on FP?

Awada keri keri government.

Thought they said there was nothing like subsidy in the first place,so y pay if it doesn't exist,APC's hypocrisy is second only to none,they never get tired of giving excuses for their malfeasance...

are pmb's social media goons on recess?

won't they come to defend pmb's lies/confusion?

Is the President not the Grand Master of lies and corruption?
Buhari as the Petroleum Minister calls the shot and give corrupt and illegal directives and Ibe Kachuckwu will be called to answer for the crime.
Am wondering why Ibe Kachuckwu allows himself to be use as a pawn and a fall guy by Buhari.
He should resign and leave the useless corrupt govt.

A clueless,incompetent and corrupt President calling himself Mr Integrity and deceiving Nigerians to be fighting Corruption.
I blame Bola Tinubu for imposing this Bad- Luck on Nigerians.
God forbid him winning in 2019!!!