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FG working to ‘ease pain’ of petrol price hike – Akume

THE Secretary to the Government of the Federation (SGF), George Akume, has assured Nigerians of the government’s measures to lessen the suffering caused by the increase in the cost of petrol.

Following the removal of fuel subsidy, the cost of goods has increased greatly. The cost of fuel, which was formerly sold for roughly N190 per litre, increased to between N600 and now N700.

The change has drawn criticism, but Akume asserts that the administration is aware of these concerns.

“As our team takes shape, I want to remind you all that @officialABAT came prepared- he came with a plan. He knows what to do & he is doing it. He has nurtured this vision for decades and he is now bringing it to life,” he tweeted yesterday.

“As a government, we have heard your cries about fuel price increases, and be rest assured, we are working round the clock to normalize & bring solutions that ease the pain. Our job is to give you the quality of life you deserve when you wake up. So far, we are on course,” he added.

While describing the subsidy regime as “regressive,” he said the country needed to end it.

“For this regressive subsidy regime just ended, know that annual subsidy payments due to inefficiencies in the oil and gas value chain stood at a colossal $11b. It was not sustainable, and someone had to act. The President was decisive in doing so & he told us from day one,” he said.

He, however, urged Nigerians to be patient as “we are already working out modalities to ensure market forces normalize pricing while we drive policies that better your lives & boost your earning power. We have a clear economic restoration plan, so I urge you to trust the process”.

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