There is enough oil to feed the citizens in 30 days - NNPCL Despite the fact that there have been long lines for petrol since Monday eveni...
There is enough oil to feed the citizens in 30 days - NNPCL
Despite the fact that there have been long lines for petrol since Monday evening, the Nigerian Petroleum Corporation (NNPCL) has certified that there is enough oil to last the population for around 30 days.
Long fuel lines have started to appear, according to the Nigerian Petroleum Dealers Association (IPMAN), and this is not linked to President Tinubu's remarks, but its members purchased fuel from the NNPCL today before it could discuss the potential price rise. You can see the situation that initially made people afraid.
Even though the Nigerian people applauded Bola Ahmed Tinubu's decision to end fuel subsidies, long fuel lines could be seen in the Federal City of Abuja and other regions of the nation shortly after Tinubu made his announcement in his speech following his inauguration. He revealed it on Monday.
Do the people know what is meant by the removal of the fuel subsidy? Many Nigerians, according to Rahama Bungudu, a well-known lawyer, entrepreneur, and head of an organization that supports women's health, do not comprehend what it implies. Since it was prepared and received as a surprise, it is not intended to take away the support.
Some Nigerians have already begun to speak out about the situation, with some arguing that instead of placing the blame for the growing lines at the pump on the government, the businessmen who began concealing the oil should be held accountable. And you claim that people are buying less oil out of fear, which is driving businesspeople to hide it.
Vice President of the Independent Oil Dealers Association of Nigeria, Mal. Abubakar Maigandi DakinGari claimed that the appearance of long oil lines in various parts of the nation has not been caused by Bola Tinubu's announcement to withdraw the subsidy. claiming that their members must immediately get fuel from NNPCL depots before dealers are aware of how much they might raise the price per liter of fuel.
Mal. GarbaDeen Muhammad, the company's chief media and public relations officer advised the citizens not to panic because there is enough fuel to last them for the next 30 days when we contacted the Nigerian Petroleum Trading Company about the issue of the lengthy oil lines that have been spotted for the first time.
However, the Nigerian Trade Union Confederation (TUC) has declared that Bola Tinubu, the incoming president, is unable to take action to end gasoline subsidies in a statement signed by both its president, Festus Osifo, and general secretary, Nuhu Toro. He is not the only one, thus before deciding to end gasoline subsidies in the nation, he should wait a bit to allow for a robust discussion and engagement with all stakeholders.
The TUC continued, "Before the president makes such a decision, there are numerous issues that should be taken into account and resolved."
If you recall, Muhammadu Buhari, the previous president of Nigeria, constantly warned the populace that the fuel subsidy will be eliminated in June. He highlighted the matter last April when experts advised against eliminating it. The public was astonished by the support offered by the new president Tinubu in his speech on May 29th, but the government should take all required action to help the nation's impoverished.
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