Nigeria’s President, Bola Ahmed Tinubu GCFR has directed the National Economic Council (NEC) led by Vice President Kashim Shettima to begin the process of working on interventions to mitigate the impact of subsidy removal on Premium Motor Spirit known as petrol on citizens.
The Governor of Ogun State, Dapo Abiodun, stated this after leading some major oil marketers on a courtesy visit to the President at the State House in Abuja.
READ ALSO: Subsidy Removal: Nigerian Governors support President Tinubu
Addressing Journalists after the meeting, the Governor, who was a former chairman of the Oil Marketers Association, stated that the marketers expressed solidarity with the President for removing the N4trn subsidy burden, a move that can enhance the Federation Account Allocation Committee (FAAC) allocation to states.
The group of marketers subsequently announced their intention to donate 50 to 100, fifty-seater mass transit buses to cushion the effect of the removal within the next 30 days.
READ ALSO: Subsidy: Petroleum Marketers to Donate Buses For Mass Transportation
The President during his inaugural speech on May 29, 2023 at the Eagle Square in Abuja announced the removal of subsidy payment on petrol.
He explained that the immediate past administration of Muhammadu Buhari did not make provisions for subsidy in the 2023 budget beyond June.
Already, a litre of petrol is being sold at over N500 across the country following NNPC price adjustment and the presidential pronouncement on subsidy removal.
READ ALSO: Organised Labour suspends planned strike
The Organised Labour had resolved to embark on a nationwide strike on Wednesday, June 7 but was restrained by a court order of Monday, June 5, 2023.
The Organised Labour subsequently shelved its planned strike after a meeting with the Nigerian Government on Monday night.
Channels/PIAK
