- Nigeria is currently paying N2.34 billion daily on petrol subsidy, report has said - Also, PPMC has taken over the task of determining the daily consumption and subsidy on petroleum products in Nigeria - PPMC's new role followed statistics which showed that the federal government pays N2.434 billion daily A subsidiary of the Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC) has taken over the task of determining the daily consumption and subsidy on petroleum products in Nigeria. Guardian reports that new role for PPMC followed statistics which showed that the federal government pays N2.434 billion daily to subsidise petrol as Petroleum Products Pricing Regulatory Agency (PPPRA) previously saddled with the responsibility had been unable to discharge the responsibility in the last two years. Also, the group general manager, group public affairs division (GPAD) of the NNPC, Ndu Nghamadu, confirming PPMC's new responsibility failed t...
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