Abiodun, a former chairman of the oil marketers association, stated that the marketers expressed solidarity with Tinubu for removing the N4 trillion subsidy burden.
By Jeffrey Agbo
President Bola Tinubu on Wednesday met some major oil marketers at his office in the Presidential Villa, Abuja.
His meeting with the oil marketers comes amid the controversy and protests trailing the removal of subsidy on Premium Motor Spirit also known as petrol.
Ogun State Governor Dapo Abiodun led the marketers on a courtesy visit to Tinubu.
After the meeting, Tinubu directed the National Economic Council (NEC) led by Vice President Kashim Shettima to devise an approach and begin the process of working on interventions to mitigate the impact of subsidy removal on the Nigerians.
Addressing correspondents after the meeting, Abiodun, who was a former chairman of the oil marketers association, stated that the marketers expressed solidarity with Tinubu for removing the N4trillion subsidy burden, a move that can enhance the Federation Account Allocation Committee (FAAC) allocation to states.
The group of marketers subsequently announced their intention to donate about 50 to 100, 50-seater mass transit buses that would run on CNG, costing N100 million each and N10bn cumulatively, to cushion the effect of the removal within the next 30 days.
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They are hoping other corporate bodies can emulate their action.
Tinubu, during his inaugural speech on May 29 at 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.
Already, a litre of petrol is being sold at over N500 across the country following NNPC price adjustment and the presidential pronouncement on subsidy removal.