The Independent Petroleum Marketers Association has said petrol subsidy removal would enable the Federal Government to save money.
The National Operations Controller of the association, Mike Osatuyi, said this while speaking on the aftermath of fuel subsidy removal on TVC in Lagos recently.
According to him, the excess revenue made as a result of the unified foreign exchange was now in the federal account.
“Subsidy removal will attract more money for the government.
The foreign exchange rates have been unified and the subsidy payment that was usually paid on a monthly basis now goes to the government purse, “he said.
He urged Nigerians to hold the government accountable for the proceeds from subsidy removal and foreign exchange rate.
Osatuyi said with over N2tn shared by the three tiers of government, “It is time Nigerians begin to demand more accountability from government, both at the state and local government levels”.
