Ending Petrol Subsidy Extremely Difficult But Inevitable – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities.

MOMAN also called for massive investment by the government in various sectors such as mass transportation, healthcare, and education to successfully wean off Nigerians from petrol subsidies.

MOMAN Chairman, Mr. Olumide Adeosun made this statement at the Association of Energy Correspondents of Nigeria (NAEC) Strategic International Conference on Thursday in Lagos.

Adeosun spoke on the topic: “Energy Transition, PIA, Petroleum Pricing and the Way Forward for the Downstream Sector.”

Represented by Mr. Clement Isong, the Chief Executive Officer, MOMAN, Adeosun said it would remain extremely difficult to wean Nigerians off cheap PMS, also known as petrol.


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