President Bola Tinubu had on May 29, this year, during his inauguration as President at the Eagle Square, Abuja, announced the effective end of the subsidy regime.
Oil marketers and a section of organised Labour have recently alleged that the government had restored the subsidy, contrary to its earlier resolve, claiming that with the removal of the subsidy, fuel pump price stability, despite fluctuations, is unexplainable. According to him, Nigeria has about 1.
“We are also happy that the market forces are now playing out and marketers are competing and of course, there are a few issues we’re engaging them to resolve alongside other agencies of government and critical issues around access to foreign exchange. As you all know, the government is doing so much to ensure the supply of FX into the market.
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Source: Car News Wire (carnewswire.net)
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