The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to issue licences to more importers and allow them to bring in Premium Motor Spirit (PMS) and other petroleum products into the country.
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The Progressive Governors Forum (PGF) have said that the fuel subsidy regime was not a sustainable system to the nation’s economy.
For years, the fuel subsidy system in Nigeria has been plagued by corruption, mismanagement, and inefficiency. The intended purpose of the subsidy, to alleviate the burden on the masses, has been overshadowed by the reality that it often favors the ruling class. This systemic flaw has perpetuated a cycle of inequality, hindering our nation’s progress.
While I was in Kano for a friend’s wedding, I overheard a conversation that Uber drivers in Abuja have increased the cost of commuting from the airport to the city center to N15,000. Given the new price, I knew any time I returned to Abuja, I would have to trek home. As a university lecturer, there is no way I could afford such a price.
The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON) has expressed concerns over the ripple effect of the new fuel price on its members.
The Kano state governor, Abba Kabir Yusuf, has called on petroleum marketers in the state, to revert back to the previous prices of petroleum products, to lessen the current hardship experienced by the general public.
The Civil Society Legislative Advocacy Centre (CISLAC) and the Transparency International-Nigeria, have responded to President Bola Tinubu’s policy statement in his inauguration speech on May 29, that “Fuel subsidy regime is gone”.
President Bola Tinubu, has met with the Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa and the Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari.
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday announced the adjustment of the pump price of Premium Motor Spirit (PMS) across its retail outlets, in line with the current market realities.
The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date.