Returning to fuel subsidy will kill NNPC, Presidency warns

Returning to fuel subsidy will kill NNPC, Presidency warns

The Presidency has warned that returning to the petrol subsidy regime could kill the Nigerian National Petroleum Company Limited, says Bayo Onanuga.

Atiku’s Subsidy Plan Will Kill NNPC — Presidency Raises Alarm

Presidential spokesman Bayo Onanuga has warned that the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar’s, plan to restore the fuel subsidy if elected...

Atiku’s Subsidy Plan Will Kill NNPC, Says Onanuga

Presidential spokesman, Bayo Onanuga, has warned that former Vice President Atiku Abubakar’s proposal to restore petrol subsidy could undermine the Nigerian National Petroleum Company Limited (NNPC Ltd), which he said is showing stronger financial and operational performance under the current subsidy-free regime.

NNPC's ₦7.2tn profit shows Why Nigeria must not return to fuel subsidy – Presidency

Presidential spokesman Bayo Onanuga has said the impressive 2025 financial performance of the Nigerian National Petroleum Company Limited (NNPC Ltd.) shows why Nigeria should not return to the fuel subsidy regime. Onanuga, in a post on his X handle on Tuesday, said NNPC Ltd. recorded significant growth across key financial