Subsidy Removal: Oil & Gas Suppliers Demand Emergency Palliative To Allow Marketers Import Fuel At N600 Per Dollar

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has called on the Federal Government to set up “emergency palliative measure” that would enable oil marketers to import petroleum products into the country for the next three months at an exchange rate of N600 per dollar.

It said the palliative should be implemented by the Federal Government for the next three months while waiting for the promised reactivation of the nation’s Refineries.

The National President of NOGASA, Benneth Korie who said this on Thursday during the National Executive Council meeting of the Association noted that the move will go a long way in cushioning the harsh effect of the high cost of importation and equally bring about reasonable reliefs to businesses and the cost of living generally.

In a communique which Korie read at the meeting, he called on the government to quickly intervene in fixing the deplorable condition of roads in the country, adding that the distribution of petroleum products across the country is being hampered by unmotorable roads.