Kachikwu: NNPC Unlikely to Become Profitable with Huge Under Recovery Cost

Kachikwu: NNPC Unlikely to Become Profitable with Huge Under Recovery Cost

Stories by Chineme Okafor in Abuja The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time. Kachikwu, also disclosed that the country’s plan to exit importation of petrol by the end […]

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Source: Kachikwu: NNPC Unlikely to Become Profitable with Huge Under Recovery Cost

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