The removal of petrol subsidy in Nigeria has effectively eliminated the incentives enjoyed by smugglers, Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd), Mele Kyari, has said.
Mr Kyari, who spoke in an interview with Channels TV on Sunday, explained that the subsidy created a price disparity between Nigeria and its neighbouring countries, making petrol smuggling highly profitable.
“Before the subsidy removal, the price difference was huge…
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