LAGOS, Nigeria (VOICE OF NAIJA)- Petrol stations in Lagos especially Nigerian National Petroleum Company, have began to witness long queues, following President Bola Tinubu’s announcement that “fuel subsidy is gone”.
According to reports, only stations belonging to the Nigerian National Petroleum Company were dispensing petrol while other privately-owned stations were closed or not selling the product.
Daily Trust observed that only the NNPC stations were dispensing fuel at the Alausa-Ikeja axis. It was the same scenario along the popular Lagos Abeokuta Expressway.
Some of the motorists revealed that they rushed to the stations to fill up the tanks of their vehicles when the president announced that fuel subsidy had been removed.
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They expressed displeasure that the announcement had caused panic buying as private filling stations had decided to hoard the product.
“The private stations stopped selling immediately after the announcement was made. That was why we rushed here before the NNPC stations would be out of stock,” said Mr Babajide Kadiri..
“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions,” he said.