IPMAN, PETROAN reject Atiku’s fuel subsidy return plan
The Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have rejected plans to return fuel subsidy in Nigeria. IPMAN spokesperson, Chinedu Ukadike, and the National President of PETROAN, Billy Gillis-Harry, made this known in separate interviews with DAILY POST on Monday. Ukadike and Gillis-Harry were…
Two Nigerian industry associations, IPMAN and PETROAN, have rejected plans to restore fuel subsidies in the country. Chinedu Ukadike, IPMAN's spokesperson, and Billy Gillis-Harry, President of PETROAN, made their stance known in separate interviews with DAILY POST. They argued that the focus should be on rebuilding the country's refineries and addressing infrastructure issues rather than reintroducing fuel subsidies.
Gillis-Harry criticized those advocating for the return of subsidies, stating that they do not love Nigeria and that the policy of subsidizing fuel amounted to a loss of opportunity for the nation. He emphasized that the removal of subsidies was a crucial decision made by President Bola Tinubu on May 29, 2023, and questioned the financial viability of subsidizing crude oil production.
Gillis-Harry also highlighted the benefits of financial discipline in Nigerian society following the subsidy removal.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Atiku doubles down on restoring fuel subsidy dailytrust.com
- ‘I’ll make naira stronger’ – Atiku insists on restoring fuel subsidy dailypost.ng
