Petrol Price Increase Will Push More Nigerians Into Poverty Says Ex Head Of State Abdulsalam

Date: 21-01-2022 5:26 am (4 months ago) | Author: onuigbo felicia
- at 21-01-2022 05:26 AM (4 months ago)
(f)

Nigerians are about to pay more for gasoline, thanks to the National Economic Council’s (NEC) proposal that the pump price is set at N302 per litre.

However, the former Head of State warned against such a step during the 19th Daily Trust Dialogue in Abuja.

NEC, chaired by Vice-President Yemi Osinbajo, made the recommendation in November 2021.

This is reportedly part of government’s plan to fully deregulate the prices of Premium Motor Spirit (PMS), and eliminate monthly subsidy payments with provisions to ensure fair competition in the market.

Posted: at 21-01-2022 05:26 AM (4 months ago) | Hero
- nikiniki at 22-01-2022 02:49 AM (4 months ago)
Online (f)
Instead to strenghten naira, they keep devaluing it and keep increasing price of petrols. Trust Naija, even me will increase house rent.
Posted: at 22-01-2022 02:49 AM (4 months ago) | Gistmaniac
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