Politics
NNPC MD, Mele Kyari Addresses Rumors of Reverting Fuel Subsidy and Anticipated Fuel Scarcity – Watch Video
NNPC MD, Mele Kyari Addresses Rumors of Reverting Fuel Subsidy and Anticipated Fuel Scarcity – Watch Video....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie Omo-Ikirodah
Amid rising concerns and panic regarding a return to the era of fuel subsidy and potential fuel scarcity, Mele Kyari, the Managing Director of NNPC, has come forward to address these speculations. CONTINUE READING
In the video, he firmly debunked rumors of fuel subsidy being reintroduced by President Tinubu, emphasizing its relegation to history. “Secondly, because of the full deregulation we have in this sector, marketers are now competing amongst themselves. You must have noticed that some fuel stations have reduced their prices by 2, 3 naira. Naturally, customers will gravitate to the places where there’s a reduction in pricing,” he explained.
Moving to another pressing issue, the anticipated fuel scarcity which sent shivers across the nation, Kyari provided reassurance. He stated, “There is no challenge. Supply is robust. We even have 1.4 billion litres of oil in-house, both marine and land. There are also no issues around delivering those products inland. There’s nothing to fear or bother about. We are also pleased that market forces are now in play.”
He further clarified that petrol prices are now fully governed by market forces. It’s noteworthy that President Tinubu had eradicated the subsidy, which had previously strained the Nigerian economy, on his inauguration day. He has continuously reaffirmed his stance against reintroducing it, despite the economic challenges it might present to Nigerians.
Watch Video Below:
Source: Bushradiogist
The Day Courage Stood Alone: Oshiomhole, Insecurity, And The Senate That Looked Away. How Nigerian Senate Chose Silence Over Convenience And The Blood Of Its Children
Tension At National Assembly As Security Forces Stop Protesters At Gate
Breaking: Tinubu Submits Fresh Appointment For Senate Screening
Tiwa Savage Reveals Painful Backlash After Speaking On Nigeria’s Insecurity Crisis
Reality TV To Politics: DeeOne Emerges Lagos Assembly Candidate in Stunning Win
Drama In Lagos APC As Tinubu’s Daughter Threatens Protest Over Primary Results
Full Text: President Tinubu’s 3rd Anniversary Address Shakes Nation
Full List Sparks Outrage — David Mark, Lamido Among June 12 Annulment Signatories
Why Ifeanyi Okowa’s Controversial Declaration May Not Survive Abuja’s Final Review
