Don’t be in a hurry to remove fuel subsidy – NUPENG counsels Tinubu

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Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has counseled Asiwaju Bola Tinubu, as he takes over the presidency of the country, not to rush in removing subsidy in Premium Motor Spirit, PMS, commonly known as petrol because of its socio-economic implications.

NUPENG in a statement by its President and General Secretary, Prince Williams Akporeha and Afolabi Olawale, urged the new administration to make all three public refineries functional and should not because of the availability of the anticipatory products from Dangote refinery allow all the hard-earned funds injected into the rehabilitation of the three public refineries (Warri, Port Harcourt, and Kaduna) wasted but concrete efforts should be geared towards making them functional and operate in full capacities to generate returns on the investments.

The statement among others, said “We earnestly implore the government of Asiwaju Ahmed Bola Tinubu to save Nigeria and Nigerians from the shame and global ridicule of open thefts and sales of the nation’s crude oil in the international markets while the country is reeling in helplessness, hardship, and poverty. The administration should as a matter of urgency address this issue with all vigor and urgency.

The new President needs no further introduction to the tumultuous journey that led to eventual signing of the Petroleum Industry Bill into an Act of the Parliament by Out-going President Muhammadu Buhari with the objectives of having a Petroleum Industry that will be accountable, rewarding and transparent in financials, governance and responsiveness to the needs and yearnings of Communities and stakeholders.

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