Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the removal of fuel subsidy is the only way to make Nigeria great.
Gatekeepers News reports that IPMAN National Public Relations Officer, Yakubu Suleiman, said this on Channels Television’s Sunrise Daily programme on Wednesday.
Suleiman said, “IPMAN’s position is that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is supporting or has supported the deregulation of the industry.
“Removing subsidy is the only answer to make Nigeria great because there is no country that can survive without deregulating the economy.”
He commended President Bola Tinubu for announcing subsidy removal in his inaugural speech.
Suleiman said, “We really applaud Mr President for having the courage to announce the removal of subsidy.”
The IPMAN Spokesman said Tinubu was only informing Nigerians that there is no more subsidy, noting that the administration of former President Muhammadu Buhari has announced subsidy removal by not making provision for it beyond June 2023 in the budget for this year.
Suleiman noted that refined petrol without subsidy payment will come into force by July and not June.
He maintained that though discussions with stakeholders are important, the way to go is subsidy removal.
The IPMAN spokesman, therefore, urged citizens not to engage in panic buying as Premium Motor Spirit also known as petrol is sufficiently available in the country at the moment.