Former Vice President, Atiku Abubakar, has commended the
President Muhammadu Buhari-led government for heeding his advice to reduce the
pump price of premium motto Spirit, otherwise known as petrol.
Atiku had advised the Buhari
administration to consider reducing the pump price of petrol
He also advised that stamp duty on all types of accounts be
temporarily suspended.e
In a series of tweets, Atiku had said, “I recommend that
policies like the stamp duty on all types of accounts be temporarily suspended,
until such time as the nation’s economy has turned the tide in the fight
against this virulent scourge.
“Furthermore, as the landing cost of premium motor spirit,
also known as petrol, has reduced significantly, it is strongly recommended
that the government not absorb the savings, but also pass it on to the Nigerian
people by way of reducing the pump price of PMS to reflect the current
prevailing market costs.”
Following the advice from the former presidential candidate
of the Peoples Democratic Party, PDP, in 2019, the Federal Government on
Wednesday announced the reduction of petrol price from N145 to N125.
The government cited the crash in global oil price due the
widespread of the dreaded pandemic, COVID-19 as one of its reasons for taking
the action.
In a tweet on Wednesday night, Atiku said, “The
#CoronavirusOutbreak places a huge economic strain on Nigerians, which is why
we counselled the FG to reduce the pump price of PMS.
“I commend the FG for taking this step and I urge that all
hands be on deck to rescue Nigeria from the economic downturn of the oil
crash.”
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