Tag: Timipre Sylva

Timipre Sylva, the Minister of State for Petroleum Resources, on Monday said the Nigerian National Petroleum Company Limited, NNPC, is selling petrol at a loss due to its mandate from the Federal Government as regards petrol subsidy. The minister’s remarks came on the heels of oil marketers' claim that the supply hitches currently being experienced in the petroleum sector that has resulted in fuel scarcity could linger till June, based on the government’s plan to end petrol subsidy in that month. Sylva stated this in Abuja at the resumption of the scorecard series (2015-2023) of the President Muhammadu Buhari administration. Recall that Zainab Ahmed, the Minister of Finance, Budget and National Planning had last week stated the Federal Government had budgeted about N3.6tn f...

The Federal Government, yesterday, declared it has no control over rising prices of cooking gas in the country. This came as President Muhammadu Buhari expressed concern over sundry developments, especially as the global market determines gas prices. Buhari has also directed Minister of State for Petroleum Resources, Timipre Sylva, to proceed to Nembe, Bayelsa State, to investigate the level of damage from the recent oil spill in the area. Sylva made the disclosure while fielding questions from newsmen at the Presidential Villa, Abuja. The Minister said he was at the State House to introduce to the President the CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Faruk Ahmed, and the CEO, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga...

Tag: Timipre Sylva

FG Orders NNPC To Reduce Petrol Pump Price

FG Has No Control Over The Price Of Cooking Gas – Timipre Sylva