The federal government has said that there
is no alternative to the new policy of
deregulation of the price of petrol and
appealed to the leadership of labour unions
and all Nigerians for understanding, as the
current hardship would not last long.
Addressing journalists in Abuja, Monday, the
Minister of Information , Alh. Lai
Mohammed, said that the paucity of foreign
exchange has made it impossible for the
Nigerian National
Petroleum Corporation to
continue to solely import petrol.
His words, “Many have been asking why this
would happen at this time and what
triggered the decision concerning the new
framework for petrol products supply,
distribution and pricing.
“Gentlemen, we have no choice than to
liberalize the price of petrol, if we are to
end the crippling fuel scarcity that has
enveloped the country, ensure the
availability of the products and end the
suffering of our people over the lingering
scarcity.”
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