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During the unveiling of the “Project 1MMBPD” initiative, marking NUPRC’s third anniversary, President Bola Ahmed Tinubu, represented by Senator George Akume, the Secretary to the Government of the Federation, emphasized the importance of ramping up oil production for national economic growth.
Ajaero went further to question why the Nigeria National Petroleum Company Limited (NNPCL) is the one fixing fuel prices in the country when the government has already declared that the sector has been deregulated and it is the interaction of market forces that would determine petrol prices in the country.
The Federal Government has announced an ambitious plan to increase Nigeria’s crude oil production by an additional one million barrels per day within the next 12 to 24 months.
The NLC President also called out President Tinubu, noting that his government is becoming notorious for only fuel price increases without commensurate capacity of Nigerians or mitigatory measures.
Ajaero, in a statement on Tuesday, urged President Bola Tinubu to reverse the fuel price hike, noting that the increases initiated by the current administration since coming to power have not produced any positive result or impact on the citizens..
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