The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has pledged its support for the Federal Government’s removal of fuel subsidy.
Speaking after a meeting with President Bola Tinubu, the association’s Chairperson, Dame Winifred Akpani, says the association will also support the government’s palliative measures by providing 50 to 100 mass transit buses powered by Compressed Natural Gas, and manufactured in Nigeria.
The DAPPMAN Chairperson says the removal of fuel subsidy is not about making fuel costly and taking it out of the reach of Nigerians, but is about getting it right on the real issue of petroleum product subsidy.
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The DAPPMAN delegation was led by Governor Dapo Abiodun of Ogun State who described the subsidy removal as a bold step that portends positive growth for the economy.
He said the country was spending about N4 trillion annually on subsidies which should now be taken to the Federation Account Allocation Committee, FAAC for sharing among three tiers of government.
The governor also added that while there will be some discomfort on the part of the people, the move will eventually pay off.
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