The Major Oil Marketers Association of Nigeria and the Depot and Petroleum Marketers Association of Nigeria endorsed the pronouncement of President Bola Ahmed Tinubu on the discontinuation of the petrol subsidy regime.

The oil marketers gave their support in a joint statement issued on Tuesday, in Lagos.

They said, “We appreciate the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic shift in our nation’s economic trajectory.”

“In light of the assurances given by the Nigerian National Petroleum Company Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, we wish to reiterate that there is no cause for alarm.

“We strongly urge Nigerians to avoid panic buying or stockpiling of petrol. This behaviour not only creates artificial scarcity but also poses a significant safety hazard.”

According to two bodies, the NNPCL has assured Nigerians of an adequate fuel supply.

“The NMDPRA is working closely with stakeholders to ensure a seamless transition. They are ensuring distribution channels remain uninterrupted, thereby making fuel readily available at all filling stations across the country,” the marketers added.

They noted that the decision to phase out the fuel subsidy regime was not merely a fiscal reform but a significant stride toward social justice.

www.punchng.com/moman-dappman-back-govt-on-fuel-subsidy-removal


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