LAGOS STATE, NIGERIA – The oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) at the weekend reiterated its continued partnership with the Nigerian National Petroleum Corporation (NNPC) to ensure seamless supply of petroleum products across the country.
It’s Chairman, Tunji Oyebanji, gave the assurance at a press conference in Lagos on the association’s activities in the downstream operations.
Oyebanji implored the Federal Government, FG, to consider removing subsidy on petroleum products on the strength of the dwindling crude oil prices caused by the deadly Coronavirus.
The Chairman of MOMAN, said that the N450 billion government enmarked for subsidy in the 2020 budget would not add value to the nation’s downstream sector and the lives of Nigerians.
He advised government to use such huge amount pegged for subsidy in the budget to develop other sectors that will be beneficiary to Nigerians, such as healthcare, education and roads among others.
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