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Economy

Fuel price increase will imporverish more Nigerians,former Head of State warns

AdminBy AdminJanuary 20, 2022Updated:January 20, 2022No Comments1 Min Read
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By Correspondent in Abuja.

Against the background of the rumour of the plan by the Federal government to increase the pump price of fuel from N165 to N302 per litre by February,2022,former Head of State, General Abdulsalami Abubakar has warmed government against such move.

General Abubakar,who is also regarded as a stateman, gave the warning while speaking at the 19th Daily Trust Dialogue in Abuja, stressing that the increase, if implemented, it would impoverish more Nigerians.

Meanwhile, the spokesperson for the Vice President, Prof. Yemi Osinbajo, Mr Laolu Akande, on Wednesday,said that at no time did the National Economic Council (NEC), headed by his principal, recommended ₦302/litre as the new price of petrol in Nigeria.

He was reacting to the rumour in certain quarters in the country that Nigerians might soon pay more for Petrol after the National Economic Council, NEC, allegedly recommended N302 per litre of fuel.

Akande, who said that discussions were on regarding fuel subsidy removal in the country, urged Nigerians to discard the viral report.

Edited by Dada Ahmed.

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