ENUGU, Nigeria (VOICE OF NAIJA)- The Governor of Edo State, Godwin Obaseki, has warned petrol dealers in the state against hoarding of petroleum products, with a view to creating artificial scarcity and hiking of prices of the products.
It was gathered that many petrol dealers in the state stopped sales of the product, with a view to hiking prices, following the pronouncement by President Bola Tinubu that the subsidy paid by the Federal Government of Nigeria on imported petroleum products would cease henceforth.
Obaseki, in a statement by Osaigbovo Iyoha, his Chief of Staff, warned that any petrol station caught hoarding products would lead to revocation of its landed property.
“The attention of Edo State Government has been drawn to the unscrupulous attempt by petrol dealers in the state to hoard fuel and create artificial scarcity and price hike.
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“As a responsible government that cares for her citizens, we shall resist this economic sabotage by every legal means possible.
“To this end, all petrol stations are ordered to immediately resume sales of the products to Edo people or risk immediate closure, and possible revocation of their property to enable others who want to do legitimate and respectful business in Edo State come and invest,” the statement said.
It added that the State government cannot continue to allow extortion of Edo people in whatever guise, warning that “a word is enough for the wise.”