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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed President Bola Ahmed Tinubu’s fuel subsidy removal pronouncement, saying, that’s the only way to make Nigeria great.

IPMAN National Public Relations Officer, Yakubu Suleiman said on Channels Television’s Sunrise Daily programme on Wednesday, May 31, 2023.

“Removing subsidy is the only answer to make Nigeria great because there is no country that can survive without deregulating the economy.”

Commending the president for removing subsidy removal in his inaugural speech, he said; “We really applaud Mr President for having the courage to announce the removal of subsidy.”

Suleiman said Tinubu was only informing Nigerians that there is no more subsidy, noting that the administration of former President Muhammadu Buhari has announced subsidy removal by not making provision for it beyond June 2023 in the budget for this year.

The IPMAN spokesman said refined petrol without subsidy payment will come into force by July and not June.


He maintained that though discussions with stakeholders are important, the way to go is subsidy removal.

The IPMAN spokesman urged Nigerians not to engage in panic buying as Premium Motor Spirit also known as petrol is sufficiently available in the country at the moment.


Meanwhile, the president will be meeting with the Nigeria Labour Congress (NLC) over the proposed fuel subsidy elimination.

The president will be represented by federal government officials in the meeting which will hold around 2:00 pm today, Wednesday, May 31, 2023.


The NLC National President, Joe Ajaero, made the disclosure during an interview with channels television on Wednesday morning.

Source: Intelregion

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