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The May 29 2023 announcement by President Bola Tinubu ending the regime of subsidy on petrol thrust on the Nigerian National Petroleum Company Limited(NNPCL) additional financial burden, a report by Platforms Africa, a news website dedicated to coverage of issues in the oil and gas industry, has claimed. According to the report, despite government officially declaring an end to subsidy payments, NNPCL continued to bear the burden of stabilizing the cost of the pump price of petrol. “The announcement on May 29, 2023 by President Bola Tinubu during his inauguration that subsidy on petrol had end…

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