The Group Managing Director of the Nigeria National Petroleum Corporation , Mele Kyari, has said that the government spent N2 .13 tn from 2016 to 2019 as subsidy on foreign exchange for marketers.
He disclosed this at a downstream stakeholders’ meeting which held at the NNPC headquarters in Abuja , according to a statement issued by the spokesperson of the corporation , Kennie Obateru , on Friday.
Kyari also stated that concrete steps had been taken to address the main concerns of marketers, especially the issue of availability of foreign exchange .
He said the Central Bank of Nigeria had already taken the first step of merging all foreign exchange windows to have a unified exchange rate .
The NNPC boss was quoted as saying , “ It is really not in our interest to be the sole importer of PMS in the country .
“ We have taken definite steps to exit the situation. This is a definite step taken and the details would be communicated to stakeholders like MOMAN , DAPMAN , IPMAN and others outside this forum . ”