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No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA - Politics - Nairaland

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No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by abc115: 11:34am On May 30, 2023
No Need to Panic Over Removal of PMS Subsidy says NMDPRA

NEWS RELEASE

No Need to Panic Over Removal of PMS Subsidy says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) wishes to address concerns regarding the announcement of the removal of subsidy on Premium Motor Spirit (PMS) by President Bola Ahmed Tinubu.

Contrary to speculations and concerns, the announcement is in line with the Petroleum Industry Act (2021) which provides for total deregulation of the petroleum downstream sector to drive investment and growth.

We are working closely with NNPC Limited and other key stakeholders to guarantee a smooth transition, avoid any disruptions in supply as well as ensure that consumers are not short-changed in any form.

The Authority assures that there is ample supply of PMS to meet demand as we have taken necessary steps to ensure distribution channels remain uninterrupted and fuel is readily available at all filling stations across the country.

We therefore call on Nigerians to remain calm and resist the urge to stockpile as it poses significant safety hazard.

The NMDPRA reassures all Nigerians that the removal of subsidy on PMS is a step towards building a more sustainable and prosperous future for our nation. We will continue to monitor activities and implement necessary measures to enhance transparency and accountability in the petroleum downstream sector.

Signed Kimchi Apollo General Manager, Corporate Communications, 30/05/2023

https://twitter.com/DOlusegun/status/1663490141283835904

14 Likes 2 Shares

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by sonature1: 11:41am On May 30, 2023
Which one be this NMDPRA? undecided undecided undecided undecided

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

124 Likes 4 Shares

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by savcy(m): 11:50am On May 30, 2023
None of the three frontline candidates in the last election meant to keep PMS subsidy. So this is a welcome development. It won't be easy, but it is necessary. I'm obidient, and I support this policy.

137 Likes 10 Shares

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by FunkeAyorinde: 12:32pm On May 30, 2023
tongue
Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Adjovi: 12:33pm On May 30, 2023
On your mandate we shall stand grin grin grin grin grin cheesy emilokan fueling station still sells at 185 per litre just go there and sing on your mandate , you can even pay with corn grin cheesy cheesy cheesy cheesy cheesy grin grin grin

One way or the other we will have sense one day one day grin grin cheesy grin cheesy


Eyin werey how Una take reach work today o grin grin grin cheesy cheesy cheesy

Eyin niya kan grin cheesy cheesy cheesy cheesy

60 Likes 4 Shares

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Mummyfour(f): 12:34pm On May 30, 2023
Other panics that Nigerians panicked, what did you people do about it, or what do you intend to do about this one?.
If it is only your usual story for the gods, make una allow us panic in peace abeg

8 Likes 1 Share

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Upton: 12:34pm On May 30, 2023
Lol. The panic reaction is a normal human reaction. What were they expecting? People to sit at home and clap for them after announcing the removal in a ceremony?

I understand there’s no provision for it in the budget, so the announcement was inevitable but what measures are in place to cushion the effect of the removal?

6 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Dozie32(m): 12:35pm On May 30, 2023
We the Obidient are happy that the fuel subsidy is affecting everyone. Tribalistic yoruba and hausa people.

23 Likes 2 Shares

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by 1Alex: 12:35pm On May 30, 2023
Una dey talk thrash. We are suffering you people's cluelessness and you are telling us not to panic.

The subsidy removal can only make sense if it's removed when we can refine petroleum in this country.

9 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Sablexxxtoons: 12:35pm On May 30, 2023
Wetin
Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Kion: 12:35pm On May 30, 2023
But on a serious note
Nigerians we are our own problem
Why will people be hoarding fuel just to sell and make ridiculous profits
No be everything we go blame govt

18 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Dynamiceagle(f): 12:35pm On May 30, 2023
sonature1:
Which one be this NMDPRA? undecided undecided undecided undecided

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!


E tire person o

3 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by jyz200(m): 12:36pm On May 30, 2023
Close down any fuvk station that refuse to sell and revoked their License


You can’t be making life hard unnecessary for Nigerians

12 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by dayleke: 12:36pm On May 30, 2023
Dem don come o....

Lori iro x 10

😬😤😝

1 Like

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Techpik: 12:36pm On May 30, 2023
U
Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by integrity16(m): 12:37pm On May 30, 2023
sonature1:
Which one be this NMDPRA? undecided undecided undecided undecided

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

Calm down! That is the replacement for PPPRA under the new Petroleum Industry Act (PIA).

Please read up.

4 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by dayleke: 12:37pm On May 30, 2023
sonature1:
Which one be this NMDPRA? undecided undecided undecided undecided

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

Another money siphoning agency

7 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Aebeekey: 12:37pm On May 30, 2023
I pray that everything will be alright with this administration

1 Like

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Contagious100d(m): 12:37pm On May 30, 2023
Rubbish news
Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by bennybuhari: 12:38pm On May 30, 2023
Tinubu should sack all this useless people

2 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Wealthoptulent(m): 12:38pm On May 30, 2023
Hmm
Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by adioolayi(m): 12:39pm On May 30, 2023
All relevant agencies giving quick updates..releases..

I was surprised with the emergency press statement of the GM NNPC yesterday..

Before now, it can take him 5days to even sneeze...


New sheriff in town

6 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by Donedeal1(m): 12:39pm On May 30, 2023
We always panic because we know nothing would be done to prevent exploitation by the charlatans who are the worst set of capitalist.

2 Likes

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by chrisxxx(m): 12:40pm On May 30, 2023
If there is no need to panic stop the fuel stations from hiking the price.

1 Like

Re: No Need To Panic Over Removal Of PMS Subsidy Says NMDPRA by id4sho(m): 12:41pm On May 30, 2023
Wereys tongue

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