IPMAN Informs Bola Tinubu That The Association Is 90% Ready To Roll Out Compressed Natural Gas (CNG) As Alternative Automotive Fuel And It Will Sell Between N100 To N110 Per Litre Before June Ending KossyDerrickBlog KossyDerrickEnt

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Wednesday, June 14, 2023

IPMAN Informs Bola Tinubu That The Association Is 90% Ready To Roll Out Compressed Natural Gas (CNG) As Alternative Automotive Fuel And It Will Sell Between N100 To N110 Per Litre Before June Ending

IPMAN Informs President Bola Tinubu That The Association Is 90% Ready To Roll Out Compressed Natural Gas (CNG) As Alternative Automotive Fuel And It Will Sell Between N100 To N110 Per Litre Before June Ending.

Ahmed said that for a long time, IPMAN had been very supportive of the removal of fuel subsidy because of its implication for the economy and the market space.

He added that a lot of money that should be channelled into the development of the country was used on subsidies. “The government should have started planning about palliatives like the provision of buses and salary increases because it is not the government that will increase salaries but the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

”All these things should have been done, but the government did not do all these things. I am sure that the new government is doing something about palliatives,” Mr Ahmed said.

He added that a lot of money that should be channelled into the country’s development was used on subsidies. ”We have up to N5 billion worth of tickets that are pending with NNPCL retail that we have not been able to access,” he said.

According to Mr Ahmed, IPMAN controls 70 per cent of the market, and the purpose of establishing IPMAN has been achieved. “He did a very good job. The previous government found it difficult to remove subsidies.”

According to Ahmed, not that they do not want to remove it because the political exigency is more than economic exigency to them.

“If you remember, during President Olusegun Obasanjo’s time, they came with appropriate pricing, deregulation.

“They gave it all sorts of names but they could not do it; Obasanjo was only increasing the price, you increase the price the thing is still there because we are importing.

“So President Tinubu has done a good job and it is going to help this country a lot,” he said. Addressing journalists in Abuja, Debo Ahmed, national president of IPMAN, said for a long time, IPMAN had been very supportive of the removal of fuel subsidy because of its implication on the economy and the market space.

Mr Ahmed said the government needed to put a palliative package together for Nigerians because that area was lacking.

He said putting some palliatives in place that would ameliorate the sufferings of Nigerians and even the marketers would be helpful.

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