Mr Adeolu Ogunbanjo, National Deputy President of NAPTAN, told the News Agency of Nigeria that the appeal was coming following an emergency meeting of the association on Monday in Lagos.
Oil marketers on Monday projected an imminent price increase due to naira depreciation, against the dollar. However, Ogunbanjo has now called on the president to give a concession rate on the dollar to petroleum importers. “The removal of the petroleum subsidy we agree, align with it. However, unifying the naira at the same time is what is causing the hardship because anytime the dollar rises, fuel imports rise.
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