Private investors are not eager to import the Premium Motor Spirit despite the decline of the products following the fall of crude oil in the international market, The Nation learnt on Wednesday.
She depicted the announcement of Federal Government’s exit from the payment of subsidy on petrol as a welcome development. She urged them to channel the money that it previously spent on subsidy to infrastructural development that can be of benefit to the citizenry, especially the masses. Speaking with The Nation on phone, the Independent Petroleum Marketers Association of Nigeria National Vice President, Alhaji Abubakar Maigandi, also cited the challenge of sourcing for forex wedging the marketers from importing petrol.
Source: News Formal (newsformal.com)
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