President Bola Tinubu on Wednesday met with major oil marketers at Aso Rock in Nigeria’s Federal Capital Territory, Abuja.
The oil marketers were led by Governor Dapo Abiodun of Ogun State, who was the Chairman of the oil marketers association.
The President’s meeting with the oil marketers comes amid the controversy and protests trailing the removal of subsidy on Premium Motor Spirit known as petrol.
The President during his inaugural speech on May 29 at the Eagle Square in Abuja announced the removal of subsidy payment on petrol. The President said that the immediate past administration of Muhammadu Buhari did not make provisions for subsidy in the 2023 budget beyond June.
Many Nigerians had expected that the new price regime would come into effect by July 1 but almost immediately after the presidential pronouncement, queues resurfaced at filling stations across the country even as retail outlets hoard the product and increased prices.
