NNPC exposes how much fuel traffickers earn per trip from subsidy

  • The NNPC chief alleged that fuel traffickers made nearly N17 million by taking advantage of the shortcomings in the subsidy program
  • Mele Kyari claimed that the fuel subsidy was causing a lot of cross-border smuggling for participant
  • He claimed that there was no longer any benefit to anyone bringing the product across the border after the subsidies ended

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, claims that fuel traffickers exploited the subsidy regime’s flaws to earn almost N17 million for each truck in neighbouring nations.