The independent petroleum marketers’ association of Nigeria (IPMAN) has disclosed that the deregulation of the oil sector and subsidy removal is the only way to make Nigeria great, commending president Bola Tinubu for announcing subsidy removal in his inaugural speech.
The IPMAN spokesman, Abdulkadir Mustapha said refined petrol without subsidy payment will come into force by July and not June, urging Nigerians not to engage in panic buying, as petrol is sufficiently available in the country at the moment.
He said Tinubu was only informing Nigerians that there is no more subsidy, noting that the administration of former president Muhammad Buhari has announced subsidy removal by not making provision for it beyond June 2023 in the budget for this year.
