Iyabo Ojo’s partner PaulO is urging President Bola Tinubu to show that he loves Nigerians by reducing the pump price of petrol from the official price of N850 to N450 to ease the sufferings of the masses.
Iyabo Ojo’s partner PaulO who now refers to himself as ‘grandpa’ since his daughter Vanessa Okoye welcomed her first child, in his official media post on Friday 6th September 2024, also urged Dangote and Nigerian National Petroleum Company Limited (NNPCL) to reduce the pump price of petrol to N450.
The plea by Iyabo Ojo’s partner PaulO comes as Nigerians across the country groan over the cost of Premium Motor Spirit (Petrol) that has hit over N1000 per liter in many parts of the country.
Dangote Refinery which promised to offer the Nigerian National Petroleum Company Limited a lifeline to exit the petrol importation burden, has pushed the resumption date to September 15th, after the 650,000 barrels per day Lagos-based refinery confirmed that it has commenced PMS production.
Dangote Petrol processing kick-off comes amid the anxiety created by NNPCL’s admission of financial strain over sustainable supply costs and indebtedness to oil suppliers amounting to over $6 billion.
The state-owned company’s spokesperson, Olufemi Soneye said at the weekend that, “This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply”.
This implies that NNPCL is constrained to the under-recovery cost of petrol, otherwise known as subsidy as import bills rise.
The NNPCL’s admittance of financial strain is generating reactions among stakeholders and public analysts which further compounded the crisis in Nigeria’s oil and gas sector.
Iyabo Ojo’s Partner PaulO Urges Tinubu To Reduce Petrol Price To N450 If He Truly Loves Nigerians
Iyabo Ojo’s partner PaulO is urging President Bola Tinubu to show that he loves Nigerians by reducing the pump price of petrol from the official price of N850 to N450.
Iyabo Ojo’s partner PaulO who now refers to himself as ‘grandpa’ since his daughter Vanessa Okoye welcomed her first child, in his official media post on Friday 6th September 2024, also urged Dangote and Nigerian National Petroleum Company Limited (NNPL) to reduce the pump price of petrol to N450.
The plea by Iyabo Ojo’s partner PaulO comes as Nigerians across the country groan over the cost of Premium Motor Spirit (Petrol) that has hit over N1000 per liter in many parts of the country.
Dangote Refinery which promised to offer the Nigerian National Petroleum Company Limited a lifeline to exit the petrol importation burden, has pushed the resumption date to September 15th, after the 650,000 barrels per day Lagos-based refinery confirmed that it has commenced PMS production.
Dangote Petrol processing kick-off comes amid the anxiety created by NNPCL’s admission of financial strain over sustainable supply costs and indebtedness to oil suppliers amounting to over $6 billion.
The state-owned company’s spokesperson, Olufemi Soneye said at the weekend that, “This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply”.
This implies that NNPCL is constrained to the under-recovery cost of petrol, otherwise known as subsidy as import bills rise.
The NNPCL’s admittance of financial strain is generating reactions among stakeholders and public analysts which further compounded the crisis in Nigeria’s oil and gas sector.