Tinubu Approves NNPC's Request to Use 2023 Dividends for Petrol Subsidy Payments - Report

A recent report indicates that President Bola Tinubu has given his approval for the Nigerian National Petroleum Company (NNPC) to utilize the 2023 dividends for petrol subsidy payments.

According to sources, the NNPC had requested to use the dividends to offset the significant costs associated with petrol subsidies. This move aims to alleviate the financial burden on the government and ensure a stable fuel supply across the nation.

The report highlights the ongoing efforts to manage the country's fuel subsidy regime, which has been a subject of debate and reform initiatives.