Advertisement

Addressing the fuel supply and demand situation in Nigeria, Nigeria’s President Bola Tinubu is assuring citizens that there would be no increase in the pump price of petrol, highlighting his commitment to maintaining competitiveness in the petroleum industry.

In a briefing with State House correspondents on Monday, presidential spokesman,Ajuri Ngelale said the President is urging all stakeholders to remain calm and avoid premature conclusions following recent threats from the organized labor movement.

Advertisement

Acknowledging shortcomings within the midstream and downstream sectors, President Tinubu affirmed the continuation of the deregulation policy, asserting Nigeria’s pump prices as the most cost-effective among its West African neighbours.

The President called for patience as the nation navigates challenges and vowed to remain transparent about the issues, including foreign exchange illiquidity due to past mismanagement of the Central Bank of Nigeria.

Arise News

Advertisement

Disclaimer

Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.

Support The Pacesetter Frontier Magazine

It takes a lot to get credible, true and reliable stories.

As a privately owned media outfit, we believe in setting the pace and leaving strides in time.

If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.

Advertisement

Donate!