The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), on Wednesday in Abuja pledged its support for the Federal Government’s removal of fuel subsidy.
The Association’s chairperson, Dame Winifred Akpani, made the disclosure at the end of a meeting with President Bola Tinubu. She said the Association would also support the Government’s palliative measures by providing between 50 and 100 mass transit buses. Akpani said the buses would be locally manufactured and would use Compressed Natural Gas as fuel.
“Removal of subsidy is not about making fuel costly and taking it out of the reach of Nigerians. It is about getting it right on the real issue of petroleum product subsidy. We also spoke to the president about substitutes to petrol as well as creating an environment conducive for investments to thrive in the oil sector,’’ she said.
Gov. Dapo Abiodun of Ogun State, who led the DAPPMAN delegation, described the subsidy removal as a bold step that portended positive growth for the economy. He said fuel subsidy withdrawal was a clear indication of Tinubu’s readiness to address the challenges of the oil and gas sector. He said the interventions will definitely be a long-lasting solution to the effect of fuel subsidy removal on Nigerians.
Meanwhile, President Bola Tinubu has directed the National Economic Council, NEC, led by Vice President Kashim Shettima, to begin the process of working on interventions to ameliorate the impact of subsidy removal on the people.
The President’s directive came as Governors of the 36 states of the federation threw their weights behind the removal of fuel subsidy.
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