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Petrol Subsidy Removal Will Have Negative Impact On Masses, Moahz Oil Boss Warns

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Founder of Moahz Group of Companies, Eng. Ola Abdulqadir has advised the Federal Government against full deregulation of the downstream sector of the Petroleum Industry, saying such a move would lead to rise in the cost of transportation and other essential commodities.

Abdulqadir, a leading member of the Nigeria LPG innovation for sustainable energy, in a statement in Abuja, yesterday, noted that implementing the petrol subsidy removal policy would have far reaching negative impact on the masses.

According to him, “The governments’ involvement in a major economic determinant like petroleum is pivotal to how well the country and economy functions.

Written by: Ayomide Ayodele

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todayJanuary 4, 2022 6

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