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Home Economy

Buhari should suspend fuel subsidy removal, declare marketers

Business 360 by Business 360
April 11, 2023
in Economy
0
Nigeria needs $2.3tn to address infrastructure deficit-FG

The Nigeria Union of Petroleum and Natural Gas Workers has said that its National Executive Council is going to come out with NUPENG’s position on the ongoing debate over the planned removal of subsidy on Premium Motor Spirit, popularly called petrol, after its NEC meeting.

However, another major union in the sector – the Independent Petroleum Marketers Association of Nigeria, kicked against subsidy removal, stressing that the move should be suspended, because the regime of the President, Major General Muhammadu Buhari (retd.), did not provide the required factors for subsidy removal.

Both NUPENG and IPMAN were reacting to the position of their sister union – the Petroleum and Natural Gas Senior Staff Association of Nigeria, as they spoke with our correspondent in separate telephone conversations.

Late last month, PENGASSAN called on the Federal Government to stop subsidising petrol, as well as ensure the speedy rehabilitation of Nigeria’s refineries. PENGASSAN’s President, Festus Osifo, had made the call while speaking with journalists at the National Executive Council meeting of the association in Abuja. –Punch

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