Independent Petroleum Marketers Association of Nigeria has kicked against the announcement made by President Bola Tinubu on removal of fuel subsidy.
Gatekeepers News reports that Tinubu on Monday, in his inaugural speech in Abuja, affirmed that his administration would not continue to pay subsidy on petroleum products.
In its reaction, IPMAN National Public Relations Officer, Ukadike Chinedu, said the new government should dialogue with marketers before taking the decision to remove subsidy.
IPMAN insisted that subsidy should not be removed without the repairs of Nigeria’s refineries.
“We are not in support of the removal of fuel subsidy at this time. We have said it repeatedly that our refineries should be fixed before taking such decision that will cause galloping inflation and inflict more hardship on the masses.
“The government of President Tinubu should not adopt what is in the transition document handed over to it by the administration of former President Muhammadu Buhari. Someone (Buhari) who for eight years did not remove subsidy is advising a new government to remove it.
“That is not fair and should not be adopted. Rather the new government should sit and discuss with marketers and other stakeholders on how to manage the fuel subsidy regime. We now have the Dangote Refinery, but all our refineries are still not working, so we don’t think removing subsidy is the right thing to do now,” Ukadike stated.
He said IPMAN was ready to work with the new government and would proffer measures to address the fuel subsidy regime, instead of effecting an outright halt in subsidy.
