When the subsidy scheme for petroleum products ends in February 2022, the Nigerian National Petroleum Company Limited’s Group Managing Director and Chief Executive Officer has warned that fuel might cost N340 per liter.
The NNPC chairman addressed this during the World Bank’s Nigeria Development Update, November 2021 edition, titled “Time for Business Unusual,” on Tuesday, November 23.
“There will be no legal provision for it in our system,” he said. “However, I am confident you will recognize that government has a greater social responsibility to cater to the ordinary and thus engage in a process that will ensure that we exit in the most subtle and easy manner.”
According to Kyari, fuel subsidy elimination would take place in 2022 because it was now solidly guaranteed by legislation, and the price of the commodity may range between N320 and N340 per litre.
He explained that the rise in cooking gas prices was due to a demand and supply issue, as there was a global gas supply bottleneck in December, and several countries were running out of supplies.
However, he did remark that the company was striving to enhance local production to meet demand.
In other news, DaddyFreeze, the OAP and founder of the Free the Sheeple organization, has responded to a Facebook user who said he had a nightmare about him.
According to this Facebook user, Williams Chimobi, Daddy Freeze was roasting in hellfire in his dream. He advised him to seek forgiveness and surrender his life to Christ right away. Above all, he urged him to begin paying tithes and quit deceiving the public.
Greetings, Freeze I had a dream that you were in hell. Now is the time to repent and give your life to Christ. Sir, start paying tithes and stop deceiving others. He wrote, “Thank you and God bless you.”
When Daddy Freeze saw the comment, he slid under it to respond. Williams responded by speculating that the Facebook user dreamed he was in hell because he (Williams) is actually in hell.