FG responsible for fuel subsidy payment — NNPC

Nigerian National Petroleum Corporation (NNPC) disclosed on Tuesday that it was the Federal Government that was paying subsidy on petrol and not the corporation.

The NNPC also stated that it spent $396.33 million on Turn Around Maintenance (TAM) for the country’s four refineries between 1998 and 2008.

Addressing the House of Representatives’ Ad-hoc Committee investigating the status of the nation’s four refineries, Chief Operating Officer in charge of Refineries, Mr. Anibor Kragha, who represented the NNPC, said it was the Federal Government that is responsible for subsidy payment and not the corporation

However, in the TAM record sent to the committee, chaired by Mohammed Datti (APC-Kaduna), the NNPC did not include the cost of the TAM carried out during the last administration. In the breakdown of the expenses, NNPC stated that of total sum of $182.730 million proposed for old and new Port Harcourt refineries, $157.641 million was spent, while $151.170 million was spent on Warri refinery.

The NNPC further noted that of the $91.5 million proposed for the Kaduna Refinery, $87.517 million was spent.