The National Economic Council NEC has recommended that petroleum pump price be increased to N302 as against the current pump price of N165.
This was a decision made known today after the council meeting.
Recall that some government officials had been affirming their stance on removal of fuel subsidy since last year hanging their affirmation on the fact that the subisdy payment is a bottleneck on the revenue of the government.
Meanwhile, Nigerians have taken to social media to condemn the latest development. Many people are calling out APC government, saying such decision could be catastrophic and an attempt to compound more on the hardship currently facing by Nigerians.
Details later.