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Kachikwu reveals Buhari's plan on fuel price increase

06 September 2016, 10:30

Abuja - After a closed door meeting with President Muhammadu Buhari, Minister of State for Petroleum, Ibe Kachikwu, said the government has no plans to increase the price of petrol, Premium Times reports.

Kachikwu’s statement comes a day after former Group Managing Directors, GMDs, of the Nigerian National Petroleum Corporation (NNPC), advised the government to increase the price.

While addressing journalists at the State House after meeting the President, Kachikwu indicated the government would not heed his predecessor’s advice.

The minister, who handed over as GMD of the NNPC to the current incumbent, Maikanti Baru, said the government had no plans to increase the price.

“Have you seen any memo to that effect?’’ he responded when pressed on the matter by journalists.
The minister was accompanied to the meeting with the president by Baru who also said the government has no plan to increase the price of petrol.

“There is nothing like that,” he said.

The Nigeria Labour Congress, Trade Union Congress, Afenifere, security experts and rights activists have vowed to resist any attempt by President Muhammadu Buhari to further increase the fuel price according to News24.

They stated this after former and present heads of the Nigerian National Petroleum Corporation (NNPC) raised doubts that the current pump price of N145 per litre, was no longer realistic.

- News 24


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