Addressing journalists in Abuja, Monday, the Minister of
Information , Alh. Lai Mohammed, has said that there is no alternative to the
new policy of deregulation of the price of petrol and appealed to the
leadership of labour unions and all Nigerians for understanding, as the current
hardship would not last long. He said that the paucity of foreign exchange has
made it impossible for the Nigerian National Petroleum Corporation to continue
to solely import petrol.
According to the Minister, “Many have been asking why this
would happen at this time and what triggered the decision concerning the new
framework for petrol products supply, distribution and pricing. “Gentlemen, we
have no choice than to liberalize the price of petrol, if we are to end the
crippling fuel scarcity that has enveloped the country, ensure the availability
of the products and end the suffering of our people over the lingering
scarcity.”
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