The Nigeria Union of Petroleum and Natural Gas workers (NUPENG) is set to announce its stance on the contentious topic of fuel subsidy removal for Premium Motor Spirit (PMS), commonly known as petrol, after its National Executive Council (NEC) meeting.
In contrast, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has voiced its opposition to subsidy removal, citing insufficient factors provided by the current administration of President Muhammadu Buhari. NUPENG’s President, Williams Akporeha, emphasized that their position aligns with that of the Nigeria Labour Congress (NLC) on the subsidy debate and will be made public after the NEC meeting.
IPMAN’s National Public Relations Officer, Chief Ukadike Chinedu, praised President Buhari for considering to sustain subsidy until his handover on May 29, 2023, but highlighted the need for functional refineries and repaired pipelines before subsidy removal to avoid hardship for the incoming administration.
IPMAN also had discussions with President-elect Bola Tinubu, urging him to ensure the provision of necessary factors for a smooth transition to a no-subsidy regime. Palliatives, while acknowledged, are not the main concern for marketers, as the focus remains on functional refineries and pipelines.