government declared, it would replace subsidies on fuel with a transport subsidy for up to 40 million Nigerian families for a period of between six to 12 months, during which petrol at the pump will be selling for as much as N340.
Because of the volatility of the market ,govt subsidy is the way the govt interfere with the market to ensure the price of fuel is reduced and controlled rather than leaving it for the market force .
FG should immediately revive and reposition our four existing refineries before talking about subsidy removal.
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