Addressing the fuel supply and demand situation in Nigeria, President Bola Tinubu is assuring citizens that there would be no increase in the pump price of petroleum motor spirit, highlighting his commitment to maintaining competitiveness in the petroleum industry.
In a briefing with State House correspondents, presidential spokesman, Ajuri Ngelale says the President is urging all stakeholders to remain calm and avoid premature conclusions following recent threats from the organized labor movement.
Acknowledging shortcomings within the midstream and downstream sectors, President Tinubu affirms the continuation of the deregulation policy, asserting Nigeria’s pump prices as the most cost-effective among West African neighbors.
The President called for patience as the nation navigates challenges and vowed to remain transparent about the issues, including foreign exchange illiquidity due to past mismanagement of the Central Bank of Nigeria.
