08 Jun Subsidy Removal: Fuel Marketers Pledge 100 Mass Transit Buses
The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Wednesday in Abuja pledged its support for the Federal Government’s removal of fuel subsidies.
The association’s chairperson, Dame Winifred Akpani, made the disclosure at the end of a meeting with President Bola Tinubu.
She said the association would also support the government’s palliative measures by providing between 50 and 100 mass transit buses.
Akpani said the buses would be locally manufactured and would use Compressed Natural Gas as fuel.
“We pledge our support for President Tinubu in the bold decision of removing petrol subsidy. It is an idea that was long overdue.
“Removal of subsidy is not about making fuel costly and taking it out of the reach of Nigerians. It is about getting it right on the real issue of petroleum product subsidy.
“Who are those enjoying the subsidy? The subsidy ends up being enjoyed by those it was not meant for.
“We also spoke to the president about substitutes to petrol as well as creating an environment conducive for investments to thrive in the oil sector,’’ she said.
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