In a recent interview, Aliyu Audu, Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, addressed the President’s silence on petrol prices amid ongoing economic hardship.
Audu explained that Tinubu’s lack of commentary stems from his commitment to the deregulation of the oil and gas sector. He emphasized that the administration is focused on introducing viable alternatives to petrol, such as Compressed Natural Gas (CNG).
“It shows commitment on the part of Mr. President Tinubu in terms of deregulating the Petroleum sector,” Audu stated.
He noted that even with the Naira-for-crude sale agreement with Dangote Refinery, significant decreases in petrol prices are unlikely....Read Full Article [Click Here>]
“It doesn’t look like even with the Naira-for-crude scheme the price of petrol will come down a whole lot,” he added, acknowledging the public’s desire for lower prices while stressing the need to explore alternative fuel options.
As Nigerians celebrate the country’s 64th Independence Day, Tinubu urged patience, assuring citizens that measures are being implemented to alleviate economic struggles.
Currently, petrol prices range from N950 to N1,300 across different regions, with soaring inflation rates impacting the costs of goods and services significantly.
