Osinbajo was saying this in apparent response to the revelation by Maikanti Baru, the Group Managing Director of the NNPC that the landing cost of fuel in the country now stands at N171 per litre, which is already N26 above the maximum N145 per litre selling price of fuel at the pump.
Vice President Yemi Osinbajo speaking to the media on December 25 in the midst of a biting fuel scarcity crisis, said that the federal government is not paying subsidy on fuel but the Nigeria National Petroleum Corporation (NNPC) is responsible for the payments.
“NNPC is trading in fuel; the Fede
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