NNPC wants N3trn for fuel subsidy in 20222

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The Nigerian National Petroleum Company (NNPC) has requested a total of 3 trillion naira from the federal government to fund fuel subsidy in 2022.

The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, disclosed this yesterday while briefing State House correspondents after the weekly Federal Executive Council meeting in Abuja.

Zainab Ahmed said about 3 trillion naira would now be required to continue paying for the subsidy.

The minister said the council agreed with the view of the state governors, that there was a need to scale down on the size.

The Federal Executive Council meeting also approved a request for amendment of the 2022 appropriation batch to be transmitted to the National Assembly.

The meeting of the council, presided over by President Muhammadu Buhari, yesterday in Abuja, also approved 52.8 billion naira for the completion of three roads across the country.