NMDPRA reacts : No need to panic over the subsidy removal

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy.

The authority made this known on Tuesday in a press release signed by Kimchi Apollo the General Manager, Corporate Communications, NMDPRA, to address concerns regarding the removal of fuel subsidy.

Recall that President Bola Tinubu had, in his inaugural speech on Monday, said the fuel subsidy regime had ended with the commencement of his administration.

Apollo said The Authority assures that there is ample supply of PMS to meet demand as we have taken necessary steps to ensure distribution channels remain uninterrupted and fuel is readily available at all filling stations across the country.

He therefore urge Nigeria to remain calm and resist the urge to stockpile as it poses significant safety hazard.

The NMDPRA reassures all Nigerians that the removal of subsidy on PMS is a step towards building a more sustainable and prosperous future for our nation.

“We will continue to monitor activities and implement necessary measures to enhance transparency and accountability in the petroleum downstream sector,” he said.