Leyoo Ajeokun
The presidency has officially assured Nigerians that the current price of petroleum price is sustainable that there will be no increase in petroleum products prices at the moment.
It stated that President Bola Tinubu is confident, based on the current data and reports available to him, that Nigeria can sustain its existing pricing model.
This development was made known on Tuesday via Nigeria Television Authority (NTA) News official verified Twitter handle: @NTANewsNow
The statement said, “The presidency says there is no increase in petroleum product prices at this time as the President is convinced based on the information before him that, Nigeria can maintain current pricing without reversing our deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.”